Trump’s 2025 tariffs will hit nearly three-quarters of US food imports, raising prices on products that are often difficult or impossible to produce domestically. Senator Hawley has proposed a rebate program to return some of the revenue to households—but would it actually help?
Kyle Hulehan is joined by Alex Durante, Senior Economist at the TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. Foundation, to unpack how these tariffs work, the economic trade-offs of a rebate, and why repealing tariffs may be the most effective solution.
Links
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- Trump Tariffs: Tracking the Economic Impact of the Trump Trade War See more
- The Best Way to Provide Relief Is to Repeal Tariffs, Not Offer TariffTariffs are taxes imposed by one country on goods imported from another country. Tariffs are trade barriers that raise prices, reduce available quantities of goods and services for US businesses and consumers, and create an economic burden on foreign exporters. Rebate Checks See more
- How Do Import Tariffs Affect Exports? See more
- Trump Tariffs Will Raise the Cost of Food for Americans See more
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Who Pays Tariffs? Americans Will Bear the Costs of the Next Trade War See more
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