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Tax Foundation
taxfoundation.org › home › research › research › trump tariffs: tracking the economic impact of the trump trade war
Trump Tariffs: The Economic Impact of the Trump Trade War
4 days ago - The IEEPA tariffs will raise an additional $1.4 trillion over the next decade, about $411 billion less than the conventional estimate. Incorporating the negative effects of imposed retaliatory tariffs as of September 1, 2025, further reduces ...
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Penn Wharton Budget Model
budgetmodel.wharton.upenn.edu › issues › 2025 › 4 › 10 › economic-effects-of-president-trumps-tariffs
The Economic Effects of President Trump’s Tariffs — Penn Wharton Budget Model
April 22, 2025 - Revenue Impact: President Trump’s ... revenue—over $5.2 trillion over 10 years on a conventional basis (with micro-elastic responses) and $4.5 trillion on a dynamic basis (with economic effects)....
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NYTimes
nytimes.com › u.s. › politics
Highlights of the Supreme Court Arguments on Trump’s Tariffs - The New York Times
2 days ago - D. John Sauer, the solicitor general, quoted Judge Taranto’s dissent 10 times in his opening brief to the justices. The Federal Circuit is unique among the appeals courts. Its hears cases involving patent disputes and international trade, rather than reviewing cases from a specific geographic area. In its 7-to-4 ruling in late August, the majority said the emergency statute Mr. Trump invoked to impose tariffs on imports from major trading partners did not authorize “tariffs of the magnitude” the president announced.
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PBS NewsHour
pbs.org › newshour › economy › a-timeline-of-trumps-tariff-actions-so-far
A timeline of Trump’s tariff actions so far | PBS News
May 26, 2025 - 10. Trump announces plans to hike steel and aluminum tariffs starting March 12. He removes the exemptions from his 2018 tariffs on steel, meaning that all steel imports will be taxed at a minimum of 25 percent, and also raises his 2018 aluminum ...
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Committee for a Responsible Federal Budget
crfb.org › blogs › how-much-revenue-will-trumps-tariffs-raise
How Much Revenue Will Trump's Tariffs Raise? | Committee for a Responsible Federal Budget
February 4, 2025 - Two separate tariffs – a 25 percent tariff on imports from Canada (except for some Canadian energy and resource imports that will be tariffed at 10 percent) and a 25 percent tariff on imports from Mexico – have been put on hold until March. We estimate these additional tariffs on imports from Canada and Mexico would increase revenue by about $110 billion over the rest of Calendar Year (CY) 2025 if they are allowed to go into effect. If made permanent, we estimate they would raise $1.3 trillion through Fiscal Year (FY) 2035 on a conventional basis.
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Committee for a Responsible Federal Budget
crfb.org › blogs › how-much-will-trumps-new-tariffs-raise
How Much Will Trump’s New Tariffs Raise? | Committee for a Responsible Federal Budget
April 7, 2025 - On April 2, the Trump Administration announced a series of so-called "reciprocal tariffs” applied to nearly every country with which the United States trades. On a conventional basis, we estimate the reciprocal tariffs could generate roughly $100 to $200 billion through the rest of Calendar Year (CY) 2025 if they remain in place and $1.8 trillion through Fiscal Year (FY) 2034 if they are made permanent.
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Committee for a Responsible Federal Budget
crfb.org › blogs › trumps-latest-tariff-plan-could-raise-15-trillion
Trump’s Latest Tariff Plan Could Raise $1.5 Trillion | Committee for a Responsible Federal Budget
January 22, 2025 - Although we assume these would ... tariffs – effectively increasing the tariff rate on all Chinese imports by 10 percentage points and on all Mexican and Canadian imports by 25 percentage points....
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The Guardian
theguardian.com › us-news › 2025 › nov › 06 › trump-tariffs-supreme-court
When is a tariff not a tax? When I say so, Trump tells supreme court | Trump tariffs | The Guardian
2 days ago - These are regulatory tariffs,” D John Sauer, US solicitor general, assured the court. “They are not revenue-raising tariffs.
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PBS NewsHour
pbs.org › newshour › politics › trump-plans-to-launch-more-tariffs-on-april-2-heres-what-it-could-mean-for-you
Trump plans to launch more tariffs on April 2. Here’s what it could mean for you | PBS News
March 31, 2025 - White House trade adviser Peter Navarro told “Fox News Sunday” that the auto tariffs would raise $100 billion annually and the other tariffs would bring in about $600 billion per year, or about $6 trillion over 10 years.
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BBC
bbc.com › news › articles › cn93e12rypgo
What tariffs has Trump announced and why?
February 3, 2025 - For example, a 10% tariff on a $10 product would mean a $1 tax on top - taking the total cost to $11 (£8.34). The tax is paid to the government by companies bringing in the foreign products. These firms may pass some or all of the extra cost on to their customers, which in this case means ordinary Americans and other US businesses. They may also decide to import fewer goods. Trump says tariffs will increase the amount of tax raised by the government, encourage consumers to buy more American-made goods and boost investment in the US.
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Wikipedia
en.wikipedia.org › wiki › Tariffs_in_the_second_Trump_administration
Tariffs in the second Trump administration - Wikipedia
12 hours ago - By September 2025, US tariff revenue ... of the 1962 Trade Expansion Act, Trump raised steel, aluminum, and copper tariffs to 50% and introduced a 25% tariff on imported cars from most countries....
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Trade Compliance Resource Hub
tradecomplianceresourcehub.com › home › tariffs › trump 2.0 tariff tracker
Trump 2.0 tariff tracker | Trade Compliance Resource Hub
1 day ago - June 12, 2025: Commerce released a Federal Register notice expanding the list of steel derivative products subject to Section 232 tariffs. The new products added to the steel derivatives list are: (1) combined refrigerator-freezers (8418.10.00 HTSUS); (2) small and large dryers (84521.21.00 and 8451.29.00); (3) washing machines (8450.11.00 and 8450.20.00 HTSUS); (4) dishwashers (8422.11.00 HTSUS); (5) chest and upright freezers (8418.30.00 and 8418.40.00 HTSUS); (6) cooking stoves, ranges, and ovens (8516.60.40 HTSUS); (7) food waste disposals (8509.80.20 HTSUS); and (8) welded wire rack (9403.99.9020 HTSUS).
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NPR
npr.org › 2025 › 11 › 05 › nx-s1-5596488 › tariffs-trump-economy-inflation
Yes, Trump's tariffs are raising billions -- but at a steep economic cost
3 days ago - Inflation watchdogs at the Federal Reserve are betting that Trump's tariffs will raise prices once, as they work their way through the supply chain, but will not continue to cause upward price pressure month after month.
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The Guardian
theguardian.com › us-news › 2025 › oct › 19 › trump-tariffs-us-consumers
‘Empty shelves, higher prices’: Americans tell of cost of Trump’s tariffs | Trump tariffs | The Guardian
3 weeks ago - Harris, 38, lives and works as ... a study from S&P Global revealed that companies were expected to pay at least $1.2tn more in 2025 expenses than was previously anticipated....
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Atlantic Council
atlanticcouncil.org › home › atlantic council programs › geoeconomics center › trump tariff tracker
Trump Tariff Tracker - Atlantic Council
March 12, 2025 - The Trump administration has embarked on a novel and aggressive tariff policy to address a range of economic and national security concerns.
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Newsweek
newsweek.com › politics
Trump Reciprocal Tariff Chart: Full List of Countries Impacted - Newsweek
April 6, 2025 - It would raise about $3 trillion over a decade—enough to pay for about half of the tax cut extension—but it would also raise prices by the equivalent of more than a year's worth of normal inflation and cut U.S. economic growth in 2025 in half."
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Tax Policy Center
taxpolicycenter.org › taxvox › trumps-tariffs-will-raise-much-less-he-expects
Trump’s Tariffs Will Raise Much Less Than He Expects
Peter Navarro, a senior trade official in the White House, projected tariffs announced since January would generate about $6 trillion to $7 trillion over 10 years.