Trump Tariffs

Trump Tariffs: The Economic Impact of the Trump Trade War Scenario Tariffs 1 – and Tariffs 20% 60% Universal China Scenario Mexico 2 – 25% and Tariffs Tariffs Canada 10% and China Total Canada/ Mexico China GDP-1.3%-0.4%-0.3%-0.1% Capital Stock-1.4%-0.3%-0.2%-0.1% PreTax Wages 0.0% 0.0% 0.0% 0.0% FullTime Equivalent Employment-1.1 million-330,000-269,000-60,000Trump Tariffs: The Economic Impact of the Trump Trade War 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2025 through 2034 Scenario 1, Conventional, in Billions $318.3 $331.1 $346.2 $360.9 $374.7 $388.8 $403.2 $418.3 $433.5 $448.9 $3,823.9 Scenario 1, Dynamic, in Billions $256.8 $264.3 $274.5 $287.4 $298.5 $309.9 $320.5 $334.6 $347.2 $359.3 $3,052.9 Scenario 2, China Subtotal, Conventional $22.8 $22.6 $22.7 $23.2 $23.7 $24.2 $24.7 $25.2 $25.7 $26.2 $240.9 Scenario 2, Canada Subtotal, Conventional $36.3 $36.0 $36.2 $36.8 $37.7 $38.4 $39.3 $40.1 $41.0 $41.7 $383.4 Scenario 2, Mexico Subtotal, Conventional $47.0 $46.6 $46.9 $47.7 $48.8 $49.8 $50.9 $51.9 $53.1 $54.0 $496.8 Scenario 2 Total, Conventional, in Billions $106.1 $105.3 $105.9 $107.7 $110.1 $112.4 $114.8 $117.2 $119.8 $121.9 $1,121.2 Scenario 2, China Subtotal, Dynamic $19.7 $19.5 $19.5 $19.9 $20.3 $20.7 $21.3 $21.7

$22.2 $22.5 $207.4