Maxico

President Donald #Trump's tariff policies have significantly impacted the US and global economies. Here's a summary of the key points:
Key Findings
Average Tariff Rate: The weighted average applied tariff rate on all imports has risen to 15%, the highest since 1941.
Economic Impact: #Trump's tariffs are estimated to reduce long-run US GDP by 0.7% and cost 685,000 full-time equivalent jobs.
The tariffs will raise $2.1 trillion in revenue over the next decade, but $622 billion less on a dynamic basis due to negative economic effects.
Retaliation: Imposed and threatened retaliatory tariffs affect $330 billion of US exports, potentially reducing US GDP by another 0.2%.

Tariff Policies
Country-Specific Tariffs: Trump imposed 25% tariffs on #Canada and #Maxico , and 10% tariffs on #China , with some exemptions and suspensions.
Reciprocal Tariffs: A 10% baseline tariff on all countries, with higher tariffs on trading partners based on their trade balance with the US.
Product-Specific Tariffs: 25% tariffs on autos, auto parts, steel, and aluminum, with some exemptions.
Consequences
Increased Costs: The tariffs will amount to an average tax increase of $1,190 per US household in 2025 and $1,462 in 2026.
Trade Impact: Imports are estimated to fall by $542 billion in 2025, or 16%, due to the tariffs.
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