Tax Model Analysis Impose 25 Percent Tariffs on Imported Goods from Canada and Mexico (January 2025)

Tables show the change in federal tax revenue and burden from a 25 percent tariff on imports from Canada and Mexico beginning February 1, 2025.

Simulation Run January 31, 2025
  • T25-0013 – Impose 25 Percent Tariffs on Imported Goods from Canada and Mexico, Distribution by ECI Level, 2026
  • T25-0014 – Impose 25 Percent Tariffs on Imported Goods from Canada and Mexico, Distribution by ECI Percentile, 2026
  • T25-0015 – Impose 25 Percent Tariffs on Imported Goods from Canada and Mexico, 2025–2035 Fiscal Years