🏟️ Live from Washington, D.C.

Trade War Scoreboard

US vs The World — who's actually winning?

💡
Trade wars have no winners — but they do have a scoreboard. For every $1 in tariff revenue collected, American consumers and businesses pay roughly $1.50 in higher prices, lost exports, and economic disruption.
🇺🇸

Team USA

"Protecting American industry"

VS
🌍

Team World

"Retaliating on US exports"

Tariffs Imposed
$287B

in tariff revenue collected from American importers

$223B

in retaliatory tariffs on US exports

Jobs
6,400

steel & aluminum jobs saved

304,000+

downstream jobs lost or threatened

Industries Protected → Hurt
3

Steel, Aluminum, Solar panels

4+

Auto, Agriculture, Electronics, Retail

Stock Winners → Losers
US Steel +40%

Protected producers rallied

Deere −15%

Walmart, Target, automakers all down

Revenue → Consumer Cost
$287B

collected by US Treasury

$234B/yr

paid by consumers = $1,800/household

Final Score

For every $1 in tariff revenue collected,

$1.50+

is paid by American consumers in higher prices.

Sources: Yale Budget Lab, Tax Foundation, Peterson Institute for International Economics

📋 Game Recap — Key Plays

Jan 2018

Section 201: Solar panel & washing machine tariffs

Mar 2018

Section 232: 25% steel, 10% aluminum tariffs

Jul 2018

Section 301: $34B in Chinese goods hit with 25%

Sep 2018

China retaliates with tariffs on $60B of US goods

May 2019

Tariffs escalate: $200B of Chinese goods hit 25%

Jan 2020

Phase One deal signed — tariffs remain

2021–23

Biden keeps Trump tariffs, adds targeted increases

Apr 2025

"Liberation Day" — sweeping new tariffs on 185 countries

2025–26

Effective US tariff rate hits highest since 1909