The Total Cost of Trump’s Tariffs
The president’s newly enacted tariffs could increase nationwide consumer costs by nearly $64 billion annually and threaten $370 billion of exports and imports.
The Consequences of Tariffs in 60 Seconds — Jackie Varas
Will President Trump’s tariffs work to deter other nations’ unfair trade practices? Or simply inspire retaliation? AAF’s Jackie Varas discusses the impact of trade barriers in this new 60-second video.
Understanding the Latest Tariffs on China
President Trump’s tariffs thus far could increase nationwide consumer costs by nearly $38 billion per year. Assuming his latest threat materializes, the additional costs for U.S. consumers could almost double to $66 billion – an increase of over $28 billion annually.
The Economic Impact of U.S. Tariffs on China
64 percent of U.S. imports from China are used in domestic production. A simple analysis shows that the tariffs will do more harm than good to the U.S. goods-producing industry.
The Trade Deficit is Not Hurting the Economy
Executive Summary President Trump’s primary goal in trade policy has been to reduce or eliminate the trade deficit However, the trade deficit is mainly driven by macroeconomic factors such as national saving and foreign investment in the United States -…
The Cost of Reciprocal Trade
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.
Comments for the Record
Comments on Section 232 Investigation into Auto Imports
Historical evidence suggests that placing additional national security tariffs on imported automobiles and automobile parts will negatively affect the U.S. economy, harming both U.S. consumers and producers.
The Cost of Steel and Aluminum Tariffs on Canada, Mexico, and the European Union
In total, national security tariffs on steel and aluminum could increase the amount consumers are expected to spend by $7.5 billion per year, not including the cost of retaliation.
The Impact of Chinese Retaliatory Tariffs
In term of absolute dollars, Louisiana, Washington, and Texas will have the most exports facing retaliatory tariffs from China. Meanwhile, Hawaii, North Dakota, and Washington send the highest proportion of their exports to China, meaning the tariffs will especially impact them, as well.
How a NAFTA Withdrawal Would Hurt the U.S. Economy
Withdrawing from NAFTA would negatively impact over $1 trillion of North American trade, jeopardize 14 million U.S. jobs, expose U.S. businesses to $15.5 billion in new tariffs, and could cost consumers at least $7 billion annually.
Trump’s Tariffs in Review
AAF's Director of Immigration and Trade Policy Jackie Varas reviews President Trump's significant changes to U.S. trade policy in 2018 and their effects.
Looking Ahead at Trade in 2019
AAF's Director of Immigration and Trade Policy Jackie Varas assesses the four main things to watch in trade policy this coming year.
Also, check out "Trump's Tariffs in Review
" as we review President Trump's significant changes to U.S. trade policy in 2018 and their effects.