Back to Impose 25 Percent Tariffs on Imported Goods from Canada and Mexico (January 2025)
Model Estimate T25-0015 – Impose 25 Percent Tariffs on Imported Goods from Canada and Mexico, 2025–2035 Fiscal Years T25-0015.xlsx
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Table shows the impact on federal tax revenue for fiscal years 2025–34 of a 25 percent tariff on goods imported from Canada and Mexico beginning February 1, 2025.  

 

An update to this table including additional 10 percent tariffs on all goods imported from China, effective February 4, 2025 and additional 25 percent tariffs on all goods imported from Canada (a reduced rate of 10 percent would apply to specified "energy or energy resource" goods) and Mexico, effective March 1, 2025 is available. 
T25-0015
Model Estimates Type Revenue Tables
Primary topic Campaigns, Proposals, and Reforms
Topics Presidential campaign proposals Consumption taxes (individual) International taxation Federal revenue Tariffs
Model Estimates from the same Simulation Run January 31, 2025
Model Estimate
T25-0013 – Impose 25 Percent Tariffs on Imported Goods from Canada and Mexico, Distribution by ECI Level, 2026
Model Estimate
T25-0014 – Impose 25 Percent Tariffs on Imported Goods from Canada and Mexico, Distribution by ECI Percentile, 2026
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