The global economic mood has improved in recent years, yet pessimism remains. Global publics are accepting of trade yet skeptical of its benefits.
People in advanced and emerging economies generally agree that growing trade and business ties with other nations are good for their country, but fewer are convinced such ties lead to more jobs, higher wages or lower prices at home.
Overall, 38% of Americans have a favorable opinion of China, down slightly from 44% in 2017. Concerns about China include economic threats, cyberattacks, environmental damage and human rights.
Special to the Washington Post Former British prime minister Harold Macmillan once trenchantly observed that: “Jaw, jaw is better than war, war.” The announcement on July 25 by President Trump and European Union President Jean-Claude Juncker that the United States and the European Union would work together to reduce tariffs and other trade barriers was a tacit acknowledgment of […]
At the same time, 73% of people in the United Kingdom say they would like to see some powers currently held by the EU returned to national governments. A majority say membership in the EU has been a good thing for their nation's economy.
Americans’ views of the new tariffs between the United States and some of its trading partners tilt more negative than positive.
Americans’ views of free trade agreements, which turned more negative during the 2016 campaign, are now about as positive as they were prior to the campaign.
The United States runs a far larger merchandise trade deficit with China than with any other nation. But when the trade deficit is measured in other ways, the U.S. actually has a larger imbalance with countries outside of China.
Despite talk of ‘trade war’ with China, highest U.S. tariffs are on imports from other Asian countries
The highest U.S. tariffs aren't on imports from its biggest trading partners, but on products from several developing South Asian nations whose exports are heavily weighted toward clothing, footwear and other products that the U.S. generally taxes highly.
Average tariff rates, while useful for comparison, can obscure the wide range of rates imposed on different classes of imports and on specific products.