The Trump tariffs, introduced in 2018 during his first term as US president, remained largely unchanged under the Biden administration. Six years later, US trade data shows that the tariffs have successfully reduced the US trade deficit with China and shifted imports to other countries. However, Chinese data reveals a nearly 10% increase in exports to the US from 2018 to 2024. Analysts attribute this “import gap” to the US de minimis exemption, which allows duty-free entry for small Chinese parcels not captured in US trade statistics.