Apr 11, 2025 · The modeling updates reflect President Biden’s tariff increases and former President Trump’s tariff proposals. Nicolo Pastrone assisted with the research for this update. The update adds a new column to the “Imports Affected by U.S. Tariffs” table, reflecting import data for calendar year 2022, data updates for prior years, and tariff ...

Dec 5, 2018 · The Trump administration has increased taxes on Americans by imposing nearly $42 billion worth of tariffs. These include the following: 25 percent tariff on imported steel, which amounts to about a $7.3 billion tax increase. 10 percent tariff on imported aluminum, which amounts to a nearly $1.7 billion tax increase.

Apr 11, 2025 · Trump’s Reciprocal Tariff Calculations Are Nonsense, Will Punish Mutually Beneficial Trade Despite characterizing the tariffs as “reciprocal,” the White House didn’t actually measure tariffs, currency manipulation, or trade barrier policies employed by other countries.

Mar 18, 2025 · Trump’s Reciprocal Tariff Calculations Are Nonsense, Will Punish Mutually Beneficial Trade. Despite characterizing the tariffs as “reciprocal,” the White House didn’t actually measure tariffs, currency manipulation, or trade barrier policies employed by other countries.

Nov 6, 2024 · If foreign countries retaliate, even partially, to the US-imposed tariffs, revenue will fall further as the economy shrinks even more. For example, we estimate a 10 percent tariff on all US exports would shrink tax revenues on a dynamic basis by more than $190 billion over 10 years. Revenue Estimates of Trump’s Universal Baseline Tariffs ...

Nov 28, 2023 · Impact of Imposing Additional 10 Percent Tariff on All Imports. This research uses version 11 of the Global Trade Analysis Project database to model the economic impact of Trump’s proposed 10 percent tariff. The model database was aggregated to divide tradeable commodities into a goods sector and a service sector.

Oct 1, 2024 · We estimate the average tariff rate on all imports could spike seven times higher in 2025—reaching 17.7 percent—under Trump’s proposed tariff hikes. The United States has not seen an average tariff rate that high since 1934, amidst …

Feb 12, 2025 · In the case of the United States, some tariffs date back to the 1930s Smoot-Hawley tariff schedule, while other US trade barriers take on non-tariff forms. The Trump administration appears to be moving in a “reciprocal” policy direction despite the significant negative economic consequences for American consumers of across-the-board tariffs ...

Aug 25, 2023 · Trump’s proposed 10 percent tariff would raise taxes on American consumers by more than $300 billion a year. See impact of Trump tariffs Former President Donald Trump’s proposed 10 percent tariff would raise taxes on American consumers by more than $300 billion a year—a tax increase rivaling the ones proposed by President Biden.

Nov 8, 2024 · A new analysis of Trump’s first term tariffs found firms that made political donations to Republican candidates were more likely to be granted tariff exemptions than firms that gave to Democrats. Increased uncertainty over trade and tariff policy itself can chill investment and decrease incomes. That brings us to Trump’s proposals.