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Evaluating the Fiscal and Distributional Implications of Tariffs

Author

Listed:
  • Kyle Pomerleau
  • Erica York

Abstract

The Trump administration has enacted a series of significant taxes on imports, including an across-the-board tariff on nearly all imports. Tariffs are now expected to raise nearly 1 percent of GDP in revenue. Given tariffs' growing importance as a source of revenue, it is important to understand their implications for federal finances and the wellbeing of households. This paper describes and reviews current revenue and distributional analyses of tariffs.

Suggested Citation

  • Kyle Pomerleau & Erica York, 2026. "Evaluating the Fiscal and Distributional Implications of Tariffs," Journal of Economic Perspectives, American Economic Association, vol. 40(3), pages 171-192, Summer.
    • Handle: RePEc:aea:jecper:v:40:y:2026:i:3:p:171-92
    DOI: 10.1257/jep.20251490
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    More about this item

    JEL classification:

    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems

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