DOI: 10.1257/jep.20251490 ISSN: 0895-3309
Evaluating the Fiscal and Distributional Implications of Tariffs
Kyle Pomerleau, Erica YorkThe Trump administration has enacted a series of significant taxes on imports, including an across-the-board tariff on nearly all imports. Tariffs are now expected to raise nearly 1 percent of GDP in revenue. Given tariffs' growing importance as a source of revenue, it is important to understand their implications for federal finances and the wellbeing of households. This paper describes and reviews current revenue and distributional analyses of tariffs.