Rob McClelland
rob-mcclelland.bsky.social
Rob McClelland
@rob-mcclelland.bsky.social
Senior Fellow Tax Policy Center. Previously chief Price and Index Number Division, BLS; Senior analyst CBO. Opinions my own.
Well, I'll try
April 2, 2025 at 1:46 PM
Midwestern states rely on imports more than many other states, so they could be the hardest hit by those increases.
November 26, 2024 at 2:57 PM
Currently, effective tariff rates on China are just over 10%, so this proposal represents a doubling of tariffs. Tariffs on Canada and Mexico are less than 1%, so this represents a huge increase on imports from those countries.
November 26, 2024 at 2:57 PM
We import lots of intermediate goods from those countries. Increased tariffs on those goods would work their way through the economy, which could lead to widespread price increases
November 26, 2024 at 2:57 PM
Canada, China and Mexico are our three largest trading partners
November 26, 2024 at 2:57 PM
Midwestern states could see the largest effects.
November 26, 2024 at 2:31 PM
We import lots of intermediate goods from those countries, so raising tariffs on them could lead to widespread price increases
November 26, 2024 at 2:31 PM
China, Mexico and Canada are our top three sources of imports. taxpolicycenter.org/briefs/tarif...
November 26, 2024 at 2:31 PM