Tornado Alley (PROG)

[fuagf]

Tracking the Economic Impact of U.S. Tariffs and Retaliatory Actions

"It's not just the farm problem. When people start bitching that everything in the dollar store is $1.25, that's Trump's tariffs.
Ditto Harbor Freight, Walmart Home Depot.. etc "

That's right. And i'd guess Biden's people are working hard to ease the continuing
influence of Trump's tariffs. Good point, it's not in articles as much as it should be.

Last updated on April 1, 2022

Erica York

Imposed Tariffs ... Retaliatory Tariffs [inside]

Revenue (Billions) $74.7 .. Long-run GDP -0.22% .. Wages -0.14% .. FTE Jobs -173,000

Source: Tax Foundation Taxes and Growth Model, March 2018

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Recent Updates

* April 1, 2022

The Biden administration has reached deals to replace steel and aluminum tariffs with tariff rate quotas for the European Union and United Kingdom and steel tariffs with tariff-rate quotas for Japan. The deals also eliminate tariffs on derivative goods from the same jurisdictions and will bring an end to related retaliatory tariffs. The update adjusts revenue and economic estimates for imposed and retaliatory tariffs and adds a new table illustrating how import levels of affected goods have changed since 2017.

* October 19, 2021

Under President Biden, the U.S. will suspend tariffs on aircrafts and other goods from the E.U. under a five-year pause in the ongoing Boeing-Airbus dispute. We have reorganized the layout of the tracker.

* September 18, 2020

U.S. to eliminate tariffs on $2.5 billion worth of Canadian aluminum that had been imposed on August 16, 2020, to avoid Canadian retaliatory tariffs.

https://taxfoundation.org/tariffs-trump-trade-war/