Model Estimate T24-0049 – Biden Administration Increase in Tariffs on Certain Imports from China, Impact on Tax Revenue 2024-33 Fiscal Years t24-0049.xlsx
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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.

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Model Estimates Type Revenue Tables
Primary topic Business Taxes
Topics International taxation Federal revenue Tariffs
Model Estimates from the same Simulation Run August 15, 2024
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T24-0050 – Enact 60 Percent Tariff on Imports from China and 10 Percent Tariff on Imports from All Other Countries by ECI Percentile, 2025
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