Trump’s 10 Percent Tariffs: Projected Impacts on U.S ... - AAF
Jun 25, 2024 · New tariffs could increase household costs by as much as $2,350 annually if tariffs are fully passed on to consumers, resulting in a 3 percent decrease in income for the median earner. If a specialized 60 percent tariff were levied against China, costs would likely increase by $3,900, an effective income loss of 5 percent for the median-income ...
Trump’s Proposed 10 Percent Tariff: Considering the Impact
Nov 28, 2023 · If the United States were to impose a new 10 percent tariff on all goods, our trading partners would more than likely impose their own retaliatory tariffs on goods imported from the United States. When President Trump originally imposed his tranches of Section 301 and 232 tariffs, countries including but not limited to China, Japan, India, and ...
The Total Cost of U.S. Tariffs - AAF
May 10, 2022 · The tariffs have significantly affected U.S. trade levels. Research has found that the tariffs caused importers to shift away from China and reorganize supply chains. What’s more, the president’s tariffs have decreased trade altogether – both imports and exports – which raises prices and reduces options for both U.S. consumers and ...
New Podcast Episode: The Economy, the BioSecure Act, and New …
May 23, 2024 · In this episode of the AAF Exchange, AAF President Douglas Holtz-Eakin discusses warning signs for the economy, the BioSecure Act’s proposed China decoupling, and more tariffs on the horizon. AAF products mentioned in today’s episode: In “Housing and the Election,” Holtz-Eakin reviews the potential political impact of housing inflation.
the new same level of utility as before the tariffs, U.S. consumer income would have to decrease by $123.3 billion. 1 In response to the Section 301 tariffs, China matched the rates and volume of products affected in each tranche of tariffs to mirror the incidence of the tariffs as retaliation.
Wait For It...A Tariff Threat! - AAF
Dec 2, 2024 · While it is easy to lose perspective among the myriad Trump tariff threats, this would be targeted at nearly half of the global population and GDP, so it is potentially a substantial global economic disruption. What exactly constitutes a satisfactory “commitment” remains unclear, as is the authority under which such tariffs would be levied.
An Update on Auto Tariffs - AAF
Nov 18, 2019 · These tariffs, combined with the president’s new tariffs on China for unfair trade practices, have raised taxes on over $520 billion of imports and increased nationwide costs by over $100 billion annually. If the president decides to move forward with the auto tariffs, consumer costs would increase even more.
The Costs of National Security Tariffs on Steel and Aluminum
Mar 23, 2018 · These two new tariffs mark only the third and fourth times in history that Section 232 investigations have led to import restrictions. While both Section 232 investigations concluded that imports threaten U.S. national security, this is misguided. The United States imports more steel from Canada, one of our closest allies, than anywhere else.
The Impact of Auto Tariffs - AAF
Nov 18, 2019 · In a new analysis, AAF’s Director of Immigration and Trade Policy Jacqueline Varas examines the rationale for the tariffs and the potential impact they would have on the U.S. economy, if imposed. While the tariffs could benefit some particular industries, they would hurt the economy overall by raising prices and decreasing investment ...
The Impact of Chinese Retaliatory Tariffs - AAF
May 10, 2018 · Taken together, these tariffs will expose approximately $53 billion of U.S. exports to new taxes from China. This paper break downs the impact of Chinese retaliatory tariffs in all 50 states. For this study, the products outlined in the lists released by China are matched with U.S. classifications of the same products.