The Total Cost of U.S. Tariffs
Executive Summary Former President Trump unilaterally imposed numerous tariffs on a variety of goods including, but not limited to, imports from China and steel and aluminum imports from across the world, creating upward pressure on prices in the United States.…
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.
Do Tariffs Impact Prices? The Case of Aluminum
Aluminum tariffs translated into price increases almost immediately in the United States.
Evidence that Americans Pay for President Trump’s Tariffs
Research shows that the costs of tariffs thus far have been completely passed on to U.S. consumers, raising prices in affected sectors and harming the economy by depressing both imports and exports.
The Impact of U.S. Imports on Manufacturing Employment
This study shows that over one quarter of total manufacturing jobs created between 2010 and 2016 – roughly 220,000 jobs – can be directly attributed to increases in imports.
U.S. Dependence on Chinese Pharmaceuticals is Overstated
U.S. supply chains are well diversified, with China supplying only 18 percent of total active pharmaceutical ingredient imports, 9 percent of total antibiotic imports, and less than 1 percent of total vaccine imports.
The Economic Impact of a Buy American Mandate for Medical Goods
The order will have a small but negative impact by increasing the cost and reducing the supply of medical goods procured by the federal government.
What’s In The New USMCA?
USMCA would not drastically impact North American trade. The changes it does make to NAFTA, however, are a mixed bag.
The Details of Trump’s Phase One Trade Deal with China
The agreement, set to go into effect on February 14, has seven chapters covering intellectual property, technology transfer, agriculture trade, financial services, currency issues, dispute resolution, and expanding Chinese imports.
Boeing vs Airbus: Explaining the Latest Tariffs on the EU
These tariffs are the latest of many new trade barriers that the Trump Administration has imposed, but they are markedly different than the president’s unilateral tariffs on China and others.
Assessing President Trump’s Trade Deal with Japan
It replicates, at least in part, the benefits the United States would have enjoyed if President Trump had not prematurely withdrawn from TPP.
Understanding the U.S.-China Currency Battle
The fact that the RMB’s depreciation occurred shortly after the United States’ latest tariff announcement, given that the RMB floats within a band, is no coincidence.
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 Impact of the President’s Tariffs on Consumer Goods
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.
The Trade Deficit is Not Hurting the Economy
The trade deficit is mainly driven by macroeconomic factors such as national saving and foreign investment in the United States - not trade policy
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.
Is the United States Reliant on China for Medical Supplies?
AAF’s Director of Immigration & Trade Policy Jackie Varas debunks the popular belief that China provides the United States most of its medicines and medical goods.
Tariffs & Trade: A Busy December
AAF’s Director of Immigration and Trade Policy Jacqueline Varas reviews the highlights of an exceptionally busy month in the world of trade policy.
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.