T24-0049 – Biden Administration Increase in Tariffs on Certain Imports from China, Impact on Tax Revenue 2024-33 Fiscal Years

Table shows the impact on federal tax revenue for fiscal years 2024-33 of tariffs on Chinese goods implemented in May 2024: 100 percent on electric vehicles, a 50 percent on semiconductors and solar cells, and 25 percent on steel and aluminum products and certain other goods, phased in from 2024 through 2026.