T24-0077 – Options to Increase Tariffs

Model Estimate

T24-0077.xlsx

(26.2978515625 KB)

October 25, 2024

Table shows the impact on federal tax revenue for fiscal years 2025-34 of two options to increase tariffs. One option would enact a 60 percent tariff on imported Chinese goods and 20 percent tariff on all other imported goods. The other option would enact a 200 percent tariff on automobiles imported from Mexico.

Model Estimates Type

Revenue Tables

Primary topic

Presidential campaign proposals

Topics

Presidential campaign proposals

Consumption taxes (individual)

International taxation

Federal revenue

Model Estimates from the same Simulation Run October 25, 2024

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

T24-0079 – 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

T24-0080 – Enact 200 Percent Tariff on Vehicle Imports from Mexico, Distribution by ECI Level, 2025

Model Estimate

T24-0081 – Enact 200 Percent Tariff on Vehicle Imports from Mexico, Distribution by ECI Percentile, 2025