Business Taxes

Brief Tariffs, Trade, China, and the States

Although tariffs currently constitute a very small share of US federal revenue, both President Donald Trump and President Joe Biden increased their use, and Trump now proposes significantly expanding their application. After an overview of current US imports and tariff policies, this chartbook pr...

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  • Model Estimate
    T24-0081 – Enact 200 Percent Tariff on Vehicle Imports from Mexico, 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
    T24-0079 – 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
    T24-0078 – 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
    T24-0077 – Options to Increase Tariffs
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