Estimated Impacts of Tariffs on the U.S. Economy and Workers (2019)

Estimated Impacts of Tariffs on the U.S. Economy and Workers (2019)

This study, prepared for Tariffs Hurt the Heartland, estimates the economic effects on the U.S. economy and U.S. jobs of U.S. tariffs and quotas on steel, aluminum and selected products from China, and retaliation by U.S. trading partners. The study investigates comprehensive impacts of actual and threatened tariffs on the U.S. economy and U.S. workers one to three years after they have been in effect. Key findings include significant reduction in U.S. GDP and the net loss of millions of U.S. jobs. The study breaks job impact estimates down by state for two of the four tariff scenarios examined.

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