Menu

Tariff Consequence Would Have Harmful Effect On U.S. Economy
Result In Thousands Of Jobs & Billions In Gross Domestic Product Lost

Tentative Tariffs In Imports Would Negatively Impact Everyday Americans & Shrink Economy:

Tariffs Would Lower The U.S. GDP And Wages, And Shifts Tax Burden To Middle And Lower Income Taxpayers. (Kyle Pomerleau & Erica York, “Modeling The Impact Of President Trump’s Proposed Tariffs,” Tax Foundation, 4/12/18)

  • Tariffs Lower The U.S. Gross Domestic Product By 0.1 Percent, Or Approximately $20 Billion. (Kyle Pomerleau & Erica York, “Modeling The Impact Of President Trump’s Proposed Tariffs,” Tax Foundation, 4/12/18)
  • Tariffs Lower Employment By The Equivalent Of 79,000 Full-Time Jobs In The Long Run. (Kyle Pomerleau & Erica York, “Modeling The Impact Of President Trump’s Proposed Tariffs,” Tax Foundation, 4/12/18)
  • Tariffs Disproportionately Affect The Tax Burden For Middle- And Low-Income Taxpayers. (Kyle Pomerleau & Erica York, “Modeling The Impact Of President Trump’s Proposed Tariffs,” Tax Foundation, 4/12/18)

###