China Trade War Cost Tops $40 Billion in U.S. Exports (Correct)

Chinese retaliation against President Donald Trump’s tariffs is hitting U.S. exporters harder than their Chinese counterparts and costing the U.S. the equivalent of about $40 billion a year in lost exports, according to a new study that highlights the mounting costs to the U.S. economy of the trade war against China.

U.S. tariffs imposed last year on some $250 billion in imports from China slowed shipments of the targeted products to U.S. shores, according to findings from the Institute of International Finance published earlier this year. Now, a new IIF study of China’s retaliation has found that counter-tariffs had a ...