Tax Model Analysis Impose Additional Tariffs on Imported Goods From China, Canada, and Mexico (February 2025)

Tables shows the impact on federal tax revenue and distribution of tax burden (by ECI level and ECI percentile) of additional 10 percent tariffs on all goods imported from China and 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.

For previous estimates of tariffs on goods imported from Canada and Mexico see: Impose 25 Percent Tariffs on Imported Goods from Canada and Mexico (January 2025).

Simulation Run February 5, 2025
  • T25-0016 – Impose Additional Tariffs on Imported Goods From China, Canada, and Mexico, Impact on Revenue 2025–2035
    • Simulation Run February 7, 2025
  • T25-0017 – Impose Additional Tariffs on Imported Goods From China, Canada, and Mexico, Distribution by ECI Level, 2026
  • T25-0018 – Impose Additional Tariffs on Imported Goods From China, Canada, and Mexico, Distribution by ECI Percentile, 2026