Knowledge Tree
trade
Facts (27)
Sources
Tariffs are a particularly bad way to raise revenue | Brookings brookings.edu Nov 4, 2025 13 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.
claimThe economic literature overwhelmingly finds that the net effect of trade on innovation is positive.
measurementCutting off 10 percent of trade would result in an economy 1.5 to 2.5 percent smaller over time, or growth roughly 0.2 percentage points lower every year.
referenceClausing and Obstfeld (2025) and Meng, Russ, and Sing (2023) provide discussions of the economic literature regarding trade and tariffs.
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.
claimIndustries become more productive when they are opened to trade, and conversely, tariffs reduce productivity.
referenceBernard et al. (2007) provide a summary of the empirical literature regarding trade and firm performance.
claimFeyrer suggests that the narrow identification of trade impact based solely on the cost of shipping goods is likely smaller than estimates that include broader benefits of being connected to other countries.
claimA broad 20 percent tariff could cut trade by nearly 20 percent if other countries retaliated and there were limited exemptions.
claimThe estimated impact of trade on GDP in Feyrer (2021) is notably lower than macro estimates found in Feyrer (2019) or Frankel and Romer (1999).
claimWhen trade expands, efficient firms grow by reaching more customers in more markets and become a larger share of the economy, while inefficient firms often go out of business.
measurementBoer and Rieth (2024) estimate that the impact of tariffs on trade is -0.8.
World Trade Without the US | Cato Institute cato.org 3 facts
perspectiveThe Cato Institute argues that freeing trade is the surest path to global prosperity and that global poverty cannot be eliminated without freer trade.
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.
claimPresident Donald Trump prefers to act outside the legal constraints of the WTO based on the assumption that he can coerce smaller countries into capitulating to his trade and non-trade demands.
History of tariffs in the United States - Wikipedia en.wikipedia.org 2 facts
referenceThe U.S. government maintains records of U.S. trade in goods and services on a Balance of Payments (BOP) basis from 1960 to 2010.
claimThe General Agreement on Tariffs and Trade (GATT) was established in 1947 to minimize tariffs and other restrictions and to liberalize trade among capitalist countries.
Compendium Vol. 5 No. 1: The ecological role of native plants bio4climate.org 1 fact
claimContinued international traffic, trade, and globalization increase the likelihood of further species introductions and naturalizations outside their native ranges.
Transatlantic Trade, the Trump Disruption and the World ... - ECPS populismstudies.org Jan 20, 2026 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 May 13, 2025 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.
Policy Paper: Decoding the United States on Tariffs and Trade freiheit.org Dec 16, 2025 1 fact
claimTrade between developing countries is currently on par with trade between developed countries.
What is Trump's 'America First' trade policy agenda? | Brookings brookings.edu Jan 21, 2026 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.
Tariffs: Estimating the Economic Impact of the 2025 Measures and ... richmondfed.org Apr 2, 2025 1 fact
measurementIn the First Quarter 2025 CFO Survey, more than 30 percent of surveyed firms identified trade and tariffs as their most pressing business concern, an increase from 8.3 percent in the previous quarter.
[PDF] Saint Louis University Public Law Review Introduction scholarship.law.slu.edu 1 fact
claimNational governments enter into regional trade agreements for both economic and political reasons to increase trade and investment opportunities across national borders.
measurement-of-dietary-diversity Research Articles - Page 1 discovery.researcher.life 1 fact
claimFor smallholder households with higher income levels and well-developed markets, market access and trade have more potential to improve dietary diversity than agricultural production diversification.
Ethnobotanical study of wild edible plants in Shabelle Zone, Eastern ... link.springer.com Feb 5, 2026 1 fact
measurementLivelihood activities among respondents in the Shabelle Zone ethnobotanical study included livestock keeping (39.1%), farming (32.4%), charcoal or firewood production (16.0%), and trade (12.5%).