#TrumpTariffs

The economic effects of Trump's tariffs have been analyzed with various projections. The tariffs imposed by Trump could have several impacts on the economy.

1. Economic Impact

The tariffs are projected to reduce long-run GDP by approximately 6% and wages by 5% . A middle-income household could face a lifetime loss of $22,000 . Market income could decrease by 1.1% in 2026 due to the imposed tariffs . The tariffs could raise just under $400 billion in revenue, which is about 1.3% of U.S. GDP .

2. Trade and Supply Chains

The tariffs could lead to cost increases, impacts on employment, disrupted supply chains, and higher prices for consumers . US exports to the EU might drop by between 8%