How the Section 232 Tariffs on Steel and Aluminum Harmed the Economy September 20, 2022 The Section 232 tariffs on imports of steel and aluminum raised the cost of production for manufacturers, reducing employment in those industries, raising prices for consumers, and hurting exports.
How Tariffs and the Trade War Hurt U.S. Agriculture July 25, 2022 With inflation continuing to skyrocket, especially for food, which reached 10.4 percent in June, it is worth examining how the ongoing U.S. trade war with China and U.S. tariff policy overall has impacted U.S. agriculture and food prices.
U.S.-China Trade War Hurt American Industries and Workers May 13, 2022 While the U.S. tariffs were intended to protect American industries, they have largely hurt the U.S. economy. Rather than pass on the tariffs to Chinese consumers, analysis shows that most U.S. firms simply bore the costs.
Biden’s Trade Agenda Should End the Trade War and Promote Free Trade March 30, 2022 The Biden administration should lift the Trump administration's tariffs, as they have failed in their objective to bring better trading practices and instead brought about significant damage to U.S. businesses and workers.
Taxes, Tariffs, and Industrial Policy: How the U.S. Tax Code Fails Manufacturing March 17, 2022 Policymakers actively marginalized the manufacturing sector by saddling them with cost recovery rules that prevent them from deducting the full cost of investment in physical plant and equipment. Going forward, policymakers should avoid haphazard fixes, targeted measures, and protectionism.
10 Tax Reforms for Growth and Opportunity February 22, 2022 By reducing the tax code’s current barriers to investment and saving and simplifying its complex rules, lawmakers would greatly enhance the ability of Americans to pursue new ideas, create more opportunities, and build financial security for themselves and their families.
Who Really Pays the Tariffs? U.S. Firms and Consumers, Through Higher Prices December 15, 2021 The bulk of economic evidence shows for most of the new tariffs imposed under the Trump administration, U.S. firms or consumers bore 100 percent, or even more, of the burden through lower profits or higher retail prices.
Trump-Biden Tariffs Hurt Domestic Manufacturing December 1, 2021 As lawmakers today look for ways to boost American industry and reduce costs for consumers, they should pay attention to the mountains of evidence that the Trump-Biden tariffs have harmed American consumers and businesses.
Repealing Tariffs Would Be a Simple Option to Boost U.S. Economic Growth June 1, 2021 Of the many tax policies modeled in our new Options for Reforming America’s Tax Code 2.0, repealing the tariffs imposed under President Trump’s administration would be one of the simplest ways policymakers could boost economic growth.
Digital Tax Collection Triggers New U.S. Tariffs on France January 6, 2021 A multilateral solution to digital taxation would be preferable over DSTs and retaliatory measures, especially during these challenging economic times. DSTs are indeed distortionary taxes that can act as trade barriers. Retaliatory tariffs, however, only further weaken the U.S.-French trade relationship and will negatively impact both economies.
Biden Could Provide Business and Household Relief by Eliminating Trump Tariffs November 16, 2020 Biden has not specified how he would approach the Trump tariffs, though his advisers have said he will at least review them.
Digital Taxes, Meet Handbag Tariffs July 10, 2020 The USTR announced new tariffs in response to the French digital services tax of 25% on $1.3 billion worth of goods. The tariffs would apply to several make-up products, handbags, and assorted soaps.
Tax Foundation Comments on the Initiation of Section 301 Investigations of Digital Services Taxes July 9, 2020 Digital services taxes effectively ring-fence the digital economy by limiting the tax to certain revenue streams of digital businesses, discriminating in favor of more traditional sectors of the economy.
Tax Policy After Coronavirus: Clearing a Path to Economic Recovery April 22, 2020 Governments at all levels must work to remove the tax policy barriers that stand in the way of economic recovery and long-term prosperity following the COVID-19 crisis. Our new guide outlines several comprehensive options that policymakers can take at the federal and state levels.
Tax Options for Economic Relief During the Coronavirus Crisis March 17, 2020 Instead of simply reaching for fiscal stimulus with the goal of increasing economic activity, tax policy changes can give vulnerable individuals and businesses additional liquidity and space to survive the reduction in economic activity needed in light of the coronavirus outbreak.
Tracking the Economic Impact of U.S. Tariffs and Retaliatory Actions April 4, 2022 After the failed approach of the Trump administration’s tariffs and trade war along with the current need to reduce inflation and increase productive capacity, we hoped the Biden administration would reevaluate the tariffs.
Modeling the Impact of President Trump’s Proposed Tariffs April 12, 2018 The Trump administration's proposed tariffs would lead to job losses and a reduction in economic growth, as the Tax Foundation's updated Tax and Growth model shows.
Proposed Chinese Tariffs Will Raise Taxes Following a Large Tax Cut March 20, 2018 The Trump administration's plan to levy $60 billion in tariffs on Chinese products could negate 20 percent of the benefits of the recently adopted tax cuts.
Correct Decision to Exempt Canada and Mexico Assures that New Tariffs Won’t Work as Planned March 9, 2018 President Trump's plan to impose tariffs on all steel and aluminum imports--except those from Mexico and Canada--will not work as the administration hopes. It will increase costs for businesses and raise prices for consumers.
New Tariff Plan Could Cost States $9 Billion March 6, 2018 While the burden of Trump's tariffs will ultimately be felt by most U.S. consumers, two-thirds of the new taxes will be initially borne by 10 states.
President Trump Announces Two Steep Tariffs on Steel and Aluminum March 2, 2018 President Trump's new tariffs on steel and aluminum will have negative consequences for downstream manufacturing companies, consumers, and other sectors in the economy.
President Trump Approves Tariffs on Washing Machines and Solar Cells January 30, 2018 Tariffs on washing machines and solar cells, though designed to help U.S. manufacturing and protect consumers, will likely raise prices and distort markets.
How the Section 232 Tariffs on Steel and Aluminum Harmed the Economy September 20, 2022 The Section 232 tariffs on imports of steel and aluminum raised the cost of production for manufacturers, reducing employment in those industries, raising prices for consumers, and hurting exports.
How Tariffs and the Trade War Hurt U.S. Agriculture July 25, 2022 With inflation continuing to skyrocket, especially for food, which reached 10.4 percent in June, it is worth examining how the ongoing U.S. trade war with China and U.S. tariff policy overall has impacted U.S. agriculture and food prices.
U.S.-China Trade War Hurt American Industries and Workers May 13, 2022 While the U.S. tariffs were intended to protect American industries, they have largely hurt the U.S. economy. Rather than pass on the tariffs to Chinese consumers, analysis shows that most U.S. firms simply bore the costs.
Taxes, Tariffs, and Industrial Policy: How the U.S. Tax Code Fails Manufacturing March 17, 2022 Policymakers actively marginalized the manufacturing sector by saddling them with cost recovery rules that prevent them from deducting the full cost of investment in physical plant and equipment. Going forward, policymakers should avoid haphazard fixes, targeted measures, and protectionism.
Who Really Pays the Tariffs? U.S. Firms and Consumers, Through Higher Prices December 15, 2021 The bulk of economic evidence shows for most of the new tariffs imposed under the Trump administration, U.S. firms or consumers bore 100 percent, or even more, of the burden through lower profits or higher retail prices.
Trump-Biden Tariffs Hurt Domestic Manufacturing December 1, 2021 As lawmakers today look for ways to boost American industry and reduce costs for consumers, they should pay attention to the mountains of evidence that the Trump-Biden tariffs have harmed American consumers and businesses.
Digital Tax Collection Triggers New U.S. Tariffs on France January 6, 2021 A multilateral solution to digital taxation would be preferable over DSTs and retaliatory measures, especially during these challenging economic times. DSTs are indeed distortionary taxes that can act as trade barriers. Retaliatory tariffs, however, only further weaken the U.S.-French trade relationship and will negatively impact both economies.
Digital Taxes, Meet Handbag Tariffs July 10, 2020 The USTR announced new tariffs in response to the French digital services tax of 25% on $1.3 billion worth of goods. The tariffs would apply to several make-up products, handbags, and assorted soaps.
Proposed Chinese Tariffs Will Raise Taxes Following a Large Tax Cut March 20, 2018 The Trump administration's plan to levy $60 billion in tariffs on Chinese products could negate 20 percent of the benefits of the recently adopted tax cuts.
Correct Decision to Exempt Canada and Mexico Assures that New Tariffs Won’t Work as Planned March 9, 2018 President Trump's plan to impose tariffs on all steel and aluminum imports--except those from Mexico and Canada--will not work as the administration hopes. It will increase costs for businesses and raise prices for consumers.
New Tariff Plan Could Cost States $9 Billion March 6, 2018 While the burden of Trump's tariffs will ultimately be felt by most U.S. consumers, two-thirds of the new taxes will be initially borne by 10 states.
President Trump Announces Two Steep Tariffs on Steel and Aluminum March 2, 2018 President Trump's new tariffs on steel and aluminum will have negative consequences for downstream manufacturing companies, consumers, and other sectors in the economy.
President Trump Approves Tariffs on Washing Machines and Solar Cells January 30, 2018 Tariffs on washing machines and solar cells, though designed to help U.S. manufacturing and protect consumers, will likely raise prices and distort markets.
How the Section 232 Tariffs on Steel and Aluminum Harmed the Economy September 20, 2022 The Section 232 tariffs on imports of steel and aluminum raised the cost of production for manufacturers, reducing employment in those industries, raising prices for consumers, and hurting exports.
U.S.-China Trade War Hurt American Industries and Workers May 13, 2022 While the U.S. tariffs were intended to protect American industries, they have largely hurt the U.S. economy. Rather than pass on the tariffs to Chinese consumers, analysis shows that most U.S. firms simply bore the costs.
Biden’s Trade Agenda Should End the Trade War and Promote Free Trade March 30, 2022 The Biden administration should lift the Trump administration's tariffs, as they have failed in their objective to bring better trading practices and instead brought about significant damage to U.S. businesses and workers.
Repealing Tariffs Would Be a Simple Option to Boost U.S. Economic Growth June 1, 2021 Of the many tax policies modeled in our new Options for Reforming America’s Tax Code 2.0, repealing the tariffs imposed under President Trump’s administration would be one of the simplest ways policymakers could boost economic growth.
Biden Could Provide Business and Household Relief by Eliminating Trump Tariffs November 16, 2020 Biden has not specified how he would approach the Trump tariffs, though his advisers have said he will at least review them.
Tracking the Economic Impact of U.S. Tariffs and Retaliatory Actions April 4, 2022 After the failed approach of the Trump administration’s tariffs and trade war along with the current need to reduce inflation and increase productive capacity, we hoped the Biden administration would reevaluate the tariffs.
Modeling the Impact of President Trump’s Proposed Tariffs April 12, 2018 The Trump administration's proposed tariffs would lead to job losses and a reduction in economic growth, as the Tax Foundation's updated Tax and Growth model shows.
How the Section 232 Tariffs on Steel and Aluminum Harmed the Economy September 20, 2022 The Section 232 tariffs on imports of steel and aluminum raised the cost of production for manufacturers, reducing employment in those industries, raising prices for consumers, and hurting exports.
Biden’s Trade Agenda Should End the Trade War and Promote Free Trade March 30, 2022 The Biden administration should lift the Trump administration's tariffs, as they have failed in their objective to bring better trading practices and instead brought about significant damage to U.S. businesses and workers.
Taxes, Tariffs, and Industrial Policy: How the U.S. Tax Code Fails Manufacturing March 17, 2022 Policymakers actively marginalized the manufacturing sector by saddling them with cost recovery rules that prevent them from deducting the full cost of investment in physical plant and equipment. Going forward, policymakers should avoid haphazard fixes, targeted measures, and protectionism.
10 Tax Reforms for Growth and Opportunity February 22, 2022 By reducing the tax code’s current barriers to investment and saving and simplifying its complex rules, lawmakers would greatly enhance the ability of Americans to pursue new ideas, create more opportunities, and build financial security for themselves and their families.
Repealing Tariffs Would Be a Simple Option to Boost U.S. Economic Growth June 1, 2021 Of the many tax policies modeled in our new Options for Reforming America’s Tax Code 2.0, repealing the tariffs imposed under President Trump’s administration would be one of the simplest ways policymakers could boost economic growth.
Biden Could Provide Business and Household Relief by Eliminating Trump Tariffs November 16, 2020 Biden has not specified how he would approach the Trump tariffs, though his advisers have said he will at least review them.
Tax Foundation Comments on the Initiation of Section 301 Investigations of Digital Services Taxes July 9, 2020 Digital services taxes effectively ring-fence the digital economy by limiting the tax to certain revenue streams of digital businesses, discriminating in favor of more traditional sectors of the economy.
Tax Policy After Coronavirus: Clearing a Path to Economic Recovery April 22, 2020 Governments at all levels must work to remove the tax policy barriers that stand in the way of economic recovery and long-term prosperity following the COVID-19 crisis. Our new guide outlines several comprehensive options that policymakers can take at the federal and state levels.
Tax Options for Economic Relief During the Coronavirus Crisis March 17, 2020 Instead of simply reaching for fiscal stimulus with the goal of increasing economic activity, tax policy changes can give vulnerable individuals and businesses additional liquidity and space to survive the reduction in economic activity needed in light of the coronavirus outbreak.
