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Tax Policy Center
Biden and Trump Tariffs (August 2024)
Federal Budget and Economy
:
Revenue Tables
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...
August 15, 2024
Campaigns, Proposals, and Reforms
:
Distribution Tables by Income Percentile
T24-0050 – Enact 60 Percent Tariff on Imports from China and 10 Percent Tariff on Imports from All Other Countries by ECI Percentile, 2025
Table shows the change in the distribution of federal taxes, by expanded cash income percentile in 2025, of enacting a 60 Percent Tariff on Imports...
August 15, 2024
Campaigns, Proposals, and Reforms
:
Distribution Tables by Income Level
T24-0051 – Enact 60 Percent Tariff on Imports from China and 10 Percent Tariff on Imports from All Other Countries, by ECI Level, 2025
Table shows the change in the distribution of federal taxes, by expanded cash income level in 2025, of enacting a 60 Percent Tariff on Imports...
August 15, 2024
Campaigns, Proposals, and Reforms
:
Revenue Tables
T24-0052 – Enact 60 Percent Tariff on Imported Chinese Goods; 10 Percent Tariff on all Other Imported Goods, Impact on Tax Revenue 2025-34 Fiscal Years
Table shows the impact on federal tax revenue for fiscal years 2025-34 of enacting a 60 Percent Tariff on Imports from China and 10 Percent...
August 15, 2024