Business Taxes
Brief Tariffs, Trade, China, and the States

Although tariffs currently constitute a very small share of US federal revenue, both President Donald Trump and President Joe Biden increased their use, and Trump now proposes significantly expanding their application.

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  • Research report
  • Model Estimate
    T24-0081 – Enact 200 Percent Tariff on Vehicle Imports from Mexico, Distribution by ECI Percentile, 2025
  • Model Estimate
    T24-0080 – Enact 200 Percent Tariff on Vehicle Imports from Mexico, Distribution by ECI Level, 2025
  • Model Estimate
    T24-0079 – Enact 60 Percent Tariff on Imports from China and 20 Percent Tariff on Imports from All Other Countries, Distribution by ECI Percentile, 2025
  • Model Estimate
    T24-0078 – Enact 60 Percent Tariff on Imports from China and 20 Percent Tariff on Imports from All Other Countries, Distribution by ECI Level, 2025
  • Model Estimate
    T24-0077 – Options to Increase Tariffs
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