Knowledge Tree
Relations (1)
cross_type 2.32 — strongly supporting 4 facts
China is directly linked to the average effective tariff rate as it is the specific country of origin for imports subject to the tariff increases described in [1], [2], and [3], and its historical trade status is a component of the benchmark rate calculation in [4].
Facts (4)
Sources
Tariffs: Estimating the Economic Impact of the 2025 Measures and ... richmondfed.org 3 facts
referenceThe benchmark Average Effective Tariff Rate (AETR) of 2.2 percent incorporates World Trade Organization (WTO) most-favored-nation (MFN) tariffs, China-specific tariffs imposed during the 2018-19 period, and other tariff measures or exemptions in effect.
measurementUnder Scenario 1, the Average Effective Tariff Rate (AETR) for goods imported from China rises to 33.5 percent.
measurementUnder the Richmond Fed's 'Scenario 3' tariff model, China's Average Effective Tariff Rate (AETR) remains unchanged at 33.5 percent because automobiles from China were already subject to elevated tariffs under prior scenarios.
Academic Paper: The Future of Trade Wars in Trump's Foreign Policy eng.alzaytouna.net 1 fact
measurementAs of March 2025, the implementation of 20% tariffs on all Chinese imports and 25% tariffs on aluminum and steel increased the average effective tariff rate (AETR) to 7.1%.