May Charts of Interest: The Impact Tariffs Are Already Having
It hasn’t taken long for tariffs to make an impact. In this month’s charts of interest, I show you the effects they are having from different perspectives.
Let’s start with trade. The transport of goods from China to the U.S. has slowed significantly as this year has progressed.
The chart below clearly depicts the drop that occurred after President Donald Trump called for reciprocal tariffs on February 13. It is based on data from Vizion showing the weekly change in China to U.S. bookings.
Not shown on the chart is the 538.3% surge in bookings for the week of February 10. This weekly jump occurred as companies rushed to bring goods into the U.S. before higher tariffs were announced. On May 12, the U.S. and China agreed to lower tariffs for 90 days.
