#TrumpTariffs Impact of Trump's Tariffs:

- The average tariff applied to all imports will increase to 16.0%, with the average effective tariff rising to 12.3%

- The tariffs imposed by Trump will generate $2.0 trillion in revenue over the next decade but will reduce US GDP by 0.8%

- The tariffs will increase federal tax revenue by $156.2 billion in 2025, or 0.51% of GDP.