A 2019 working paper found that the 2018-19 U.S. tariffs generated approximately $51 billion (about 0.27 percent of GDP) in losses for consumers and firms reliant on imported goods, with a net loss of about $7.2 billion (roughly 0.04 percent of GDP) after accounting for job gains in protected industries.

Authors

• Person: Not available Organization: Federal Reserve Bank of Richmond
  Tariffs: Estimating the Economic Impact of the 2025 Measures and ...

Sources

• Tariffs: Estimating the Economic Impact of the 2025 Measures and ... www.richmondfed.org Federal Reserve Bank of Richmond via serper

Referenced by nodes (3)

• U.S. location
• tariff concept
• GDP concept