The 2025 Foreign Pollution Fee Act: Revenue Effect and Analysis Executive Summary On April 8, Senators Bill Cassidy (R-LA) and Lindsey Graham (R-SC) reintroduced the 2025 Foreign Pollution Fee Act, which would levy tiered and escalating tariffs on selected imported goods based on their carbon emissions; the legislation is aimed at boosting U S manufacturers’ competitiveness in low-carbon goods and raise tax revenue The tariffs would […]
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
The New Foreign Pollution Fee Act - AAF The new proposal would levy variable tariffs on certain covered goods – aluminum, cement, iron and steel, fertilizer, glass, and hydrogen – imported into the United States The tariffs consist of a base rate of 15 percent and an additional rate based on the difference in carbon intensity between domestic and foreign goods
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 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 […]
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
Do Tariffs Impact Prices? The Case of Aluminum - AAF Analysis The United States’ heavy reliance on aluminum imports suggests that tariffs would likely have a pronounced impact on prices The approach of this study is to examine day-to-day price changes, especially around key moments in the process of levying tariffs, to assess the impact of tariffs on prices
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 […]