Breaking Down the $439 Billion of Trade Destruction from Trump 2.0 Tariffs

What We're Showing

On May 12th, 2025, the Trump administration threatened a new wave of tariffs on much of the world. The impact on global trade could be massive in the years ahead.

This graphic, created in partnership with the Hinrich Foundation, shows the dollar value of expected trade destruction by economy. It uses data from the UN’s TINA model. 

Key Takeaways

• So far, most countries face a 10% tariff, but some key trading partners and industries are being hit with even steeper penalties. 
• To measure the long-term impact of the tariffs, the estimated trade destruction by economy.
• The total projected trade loss is a staggering $450 billion.
• The biggest hits are expected in China (-$156.6B), the EU (-$92.6B), and Japan (-$27.7B).