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  • The Impact of Tariffs on Small Businesses - AAF
    Executive Summary While the Trump Administration has implemented tariffs to pursue a wide range of policy objectives – from protecting domestic manufacturing to raising revenue to pay down U S debt – they have come at the cost of significant damage to U S businesses, particularly small businesses; the most damaging of these tariffs have been issued […]
  • 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
  • Waiting for a Steel Tariff Shift and an IEEPA Decision
    These tariffs – imposed to a far lesser degree during President Trump’s first term – were raised to 25 percent on all trade partners back in March 2025 and were doubled to 50 percent in June Currently, this tariff is imposed on the steel and aluminum content of a wide variety of products
  • U. S. Oil and Gas Tariffs on Canada and Mexico: What Are the . . .
    Discover the impact of U S oil and gas tariffs on Canada and Mexico, including trade effects, energy costs, and industry challenges
  • What the U. S. Trade Deficit Really Means - AAF
    President Trump has attempted to use tariffs as a tool to reduce the U S goods trade deficit, largely by making imports more costly compared to domestic alternatives The greatest example of this was on April 2, dubbed “ Liberation Day,” due to the administration’s desire to utilize universal tariffs to reduce the U S trade deficit
  • Section 232 Pharmaceutical Tariffs Are Not a Health Policy Tool
    It reflects impatience with policy discipline itself Section 232 pharmaceutical tariffs are being marketed as though they can simultaneously re-shore production, discipline foreign governments, and reduce prices at home But a tariff is not transformed into a precise affordability instrument merely because it is attached to medicines
  • The Costs of “Liberation Day” - AAF
    The Implementation of “Liberation Day” Tariffs The announced tariffs came as a surprise to many trade policy experts due to the unanticipated scale of tariff rates and the method used to calculate a rate that factors in non-tariff barriers Many countries were given a separate tariff rate as outlined in the reciprocal tariff approach
  • Breaking Down the BRICS Tariff - AAF
    Executive Summary President Trump has threatened to impose a 10-percent tariff on any country associated with BRICS, a bloc composed primarily of developing countries that seek to counter the economic influence of Western-dominated institutions This new tariff proposal – which would stack on top of “Liberation Day” tariffs – was touted by the president as […]


















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