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Facts (7)
Sources
Tariffs are a particularly bad way to raise revenue | Brookings brookings.edu 3 facts
measurementThe International Trade Commission estimated that the United States joining the Trans-Pacific Partnership (TPP) would increase trade by roughly 1 percent and increase GDP by 0.15 to 0.2 percentage points.
measurementIf current tariff levels reduced trade by 10 percent, the economic cost to the United States could be roughly $800 billion.
perspectiveTaxing imports to cut the United States off from trade with other nations is inefficient and costly to American well-being.
Transatlantic Trade, the Trump Disruption and the World ... - ECPS populismstudies.org 1 fact
claimUS businesses are likely to advocate for a more open and predictable trade and investment environment after Donald Trump leaves office, potentially allowing for more systematic trade relations.
U.S. tariff outcomes dependent on trading partner responses dallasfed.org 1 fact
claimThe model used by Michael Sposi and colleagues to estimate U.S. consumption-equivalent customs duties considers trade in intermediate and final goods and services among all 50 U.S. states and the seven largest U.S. trading partners.
What is Trump's 'America First' trade policy agenda? | Brookings brookings.edu 1 fact
perspectiveThe Trump administration's first trade priority is addressing what it characterizes as 'unfair and unbalanced' trade, based on the view that the United States has been treated unfairly by trading partners, leaving the economy vulnerable and structurally weak.
World Trade Without the US | Cato Institute cato.org 1 fact
perspectiveJames Bacchus argues that the United States will eventually return to building prosperity through trade with the rest of the world, which constitutes 95 percent of the global population.