Tracking Trade Amid Uncertain and Changing Tariff Policies
This article from the Brookings Institution introduces a data interactive tool designed to help users monitor changes in U.S. trade flows, tariffs, and traded goods prices amid shifting trade policy. It notes that after decades of stability, U.S. trade policy began shifting in 2018, with a sharp increase in tariffs since January 2025, prompting countermeasures from trading partners. The tool features three dashboards: Trade Flows (monthly goods trade by country, industry, and end-use; quarterly goods/services trade), Tariffs (estimated duties and weighted-average tariff rates by industry and country), and Prices (monthly import/export price inflation indices from the Bureau of Labor Statistics). The article provides step-by-step navigation instructions and example applications, allowing users to overlay key U.S. trade policy actions to contextualize data changes. It aims to help policymakers, businesses, and researchers understand how countries and businesses react to evolving tariff policies.
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