U. S. Oil and Gas Tariffs on Canada and Mexico: What Are the . . . This research finds that – considering the rates of the incoming tariffs, the value of U S oil and gas imports from Canada and Mexico, likely behavioral responses, and the effects of the tariffs on income and payroll tax revenue – the cost of these energy tariffs on imports would be approximately $6 5 billion ($5 2 billion on imports from
The Mechanics of Trumps Tariffs - AAF Executive Summary President-elect Donald Trump has proposed imposing tariffs on various countries, products, and companies for reasons ranging from protecting U S industries to targeting entities that engage in un-reciprocal, unfair, or undesirable trade practices While tariff rates and their associated costs have garnered widespread attention, the underlying mechanisms for implementing
Sector-specific Tariffs: Estimating the Costs - AAF Executive Summary Although President Trump paused his April 2 “Liberation Day” tariffs for 90 days, he continues to threaten imposing sector-specific tariffs in the near future The threatened sectors include pharmaceuticals, copper, lumber, chemicals and minerals, semiconductors, and energy, which combined account for roughly 20-percent of U S imports This research estimates that if the
Trump’s 10 Percent Tariffs: Projected Impacts on U. S . . . - AAF Increased tariffs tend to inflate that country’s exchange rate, which ultimately lowers exports as consumers search for cheaper alternatives Should the United States impose a 10 percent tariff, the U S dollar would appreciate in value compared to other currencies, thereby making the goods of U S trade partners “cheaper” while U S
Trump’s Reciprocal Tariffs: Potential Scenarios and Cost Estimates Executive Summary On April 2, the Trump Administration’s “reciprocal tariffs” – import duties that are designed to match the tariff and non-tariff barriers of other countries – are set to go into effect As of March 31, it is unclear how the administration will calculate reciprocal tariffs and to what extent these tariff rates will […]
The Total Cost of U. S. Tariffs - AAF The tariffs have significantly affected U S trade levels Research has found that the tariffs caused importers to shift away from China and reorganize supply chains What’s more, the president’s tariffs have decreased trade altogether – both imports and exports – which raises prices and reduces options for both U S consumers and
Do Tariffs Impact Prices? The Case of Aluminum - AAF President Trump’s tariffs are only levied on aluminum purchased by the United States, meaning they would have no impact on global LME prices Alternatively, the tariffs should be expected to raise the Midwest Premium, although it is difficult to predict the magnitude of increase in a dynamic market A rough expectation is that the tariffs
Section 301 China Tariffs by End Use - AAF Section 301 Tariffs Throughout 2018, the Trump Administration imposed four tranches of tariffs, known as Lists 1, 2, 3, and 4a, on imports from China His administration found this authority in Section 301 of the Trade Act of 1974, which allows the president to impose tariffs on imports from countries that engage in unfair trade practices
Trump’s Proposed 10 Percent Tariff: Considering the Impact Increasing Tariffs During his first term, President Trump initiated the U S –China trade war by unilaterally imposing $250 billion worth of tariffs in four successive tranches on goods imported from China These tariffs have cost Americans an extra $195 billion since 2018 In response, China retaliated by imposing its own tariffs on U S goods
Tariffs Are Increasing Homebuilding Costs - AAF by USTR The tariffs were applied in four tranches, known as List 1, 2, 3 and 4a The tariffs analyzed in this study, which are composed of goods used in homebuilding, are from List 3 2 List 3 covered roughly $200 billion worth of goods and applied a tariff of 10 percent on September 24, 2018 List 3 tariffs were raised to 25 percent on June 15