Furceri et al. (2020) found that a 3.6 percentage point increase in tariffs lowers economic output by 0.4 percentage points, which implies a 10 percent tariff would generate roughly a 1.1 percentage point loss in GDP over time.

Authors

• Person: Not available Organization: Brookings
  Tariffs are a particularly bad way to raise revenue | Brookings

Sources

• Tariffs are a particularly bad way to raise revenue | Brookings www.brookings.edu Brookings via serper

Referenced by nodes (3)

• tariff concept
• GDP concept
• economic output concept