Tracking the Economic Impact of U.S. Tariffs and Retaliatory Actions

Imposed Tariffs

Revenue (Billions)

Long-run GDP Wages FTE Jobs Retaliatory Tariffs Revenue (Billions) Long-run GDP Wages FTE Jobs Source: Tax Foundation Taxes and Growth Model, March 2018 Latest Updates See Full Timeline Launch Tariffs & Trade Resource Center Key Findings The Trump administration imposed nearly $80 billion worth of new taxes on Americans by levying tariffs on thousands of products valued at approximately $380 billion in 2018 and 2019, amounting to one of the largest tax increases in decades. The Biden administration has kept most of the Trump administration […]

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