Since Trump began hiking tariffs on China in 2018, the average effective tariff rate on Chinese imports has jumped from around 3% to roughly 11%, according to Trade Partnership Wo

Key Takeaways Tariffs that President-elect Donald Trump made a central proposal of his campaign would likely result in higher prices if they are enacted.Several economists and executives from America's largest retailers have warned of higher prices in recent weeks.

While China could offset American tariffs by letting its currency fall, that might endanger Beijing’s recent efforts to stabilize the economy.