The Total Cost of U.S. Tariffs - AAF
May 10, 2022 · From 2019 to 2020, the value of overall imports in the United States fell by 6.5 percent, from $2.5 trillion to $2.3 trillion. The value of imports subject to the tariffs decreased 11.4 percent from 2019 to 2020. Then in 2021, as the economy recovered from the pandemic, imports returned to near their 2019 levels.
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 · Tom Lee. Executive Summary. Former president and 2024 presidential candidate Donald Trump has proposed a new 10 percent tariff on all goods imported into the United States to discourage foreign competition and boost domestic U.S. production and manufacturing. In the unlikely scenario that assumes U.S. trading partners would not retaliate, this ...
Calculating the Costs of the U.S.-China Trade War - AAF
Jul 30, 2018 · Executive Summary. Recently, the Trump Administration announced new Section 301 tariffs on approximately $200 billion of imports from China, which follows the previously announced tariffs on $50 billion of imports from China. These tariffs could raise overall costs for both consumers and businesses by roughly $19.7 billion per year.
Do Tariffs Impact Prices? The Case of Aluminum - AAF
Jan 28, 2020 · Conclusion. Since taking office, President Trump has imposed new tariffs on over $300 billion of annual imports and shows no sign of reversing course. He has argued that tariffs do not increase prices, but this study indicates otherwise. In the specific case of aluminum, this analysis shows that the largest price increases can be easily tied to ...
The Cost of Reciprocal Trade - AAF
Feb 4, 2019 · Tariffs increase costs for both American producers and consumers. This analysis finds that imposing a new reciprocal trade policy through equal tariffs on our current trade partners could increase nationwide prices by over $60 billion per year, not counting the cost of retaliation. Reciprocal tariffs would be a significant blow to the U.S. economy.
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 Impact of Auto Tariffs - AAF
Nov 18, 2019 · The tariffs would raise prices in two ways: Tariffs on autos would hurt consumers by raising the price tag of imported vehicles, while tariffs on auto parts would raise costs for U.S. automakers that utilize auto imports in production. Furthermore, the tariffs would hurt domestic automakers by reducing their cash on hand for investment in new ...
The Impact of the President’s Tariffs on Consumer Goods
Jul 29, 2019 · Imposing a 25 percent tariff on all consumer goods from China, as President Trump has suggested, could raise the prices of these goods by $38.2 billion per year. Introduction. President Trump is dedicated to reshaping U.S. trade policy. He has imposed new tariffs on over $300 billion of annual U.S. imports, with the stated goals of protecting ...
Four Areas for Congress to Exercise Trade Policy Oversight
Jan 19, 2023 · Executive Summary U.S. trade policy over the past six years has largely come through executive action to impose new tariffs or initiate trade negotiations through executive agreements. Congress has the constitutionally granted power to regulate trade, and the House Ways and Means and Senate Finance Committees should exercise oversight of the …