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Summary

Trump's Tariff Proposals Uncertain

This is a news story, published by The Budget Lab at Yale, that relates primarily to Trump news.

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tariffs
The Budget Lab at Yale

The Budget Lab at Yale

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Fiscal, Macroeconomic, and Price Estimates of Tariffs Under Both Non-Retaliation and Retaliation Scenarios

The Budget Lab at Yale
Summary
Nutrition label

91% Informative

Former President Trump has put forward a variety of different proposals for broadly raising tariffs across the board.

A tariff is a tax on imports, generally levied at an ad valorem rate on the import’s customs value.

Like all tax policy, tariffs involve trade-offs, and they have both fiscal and macroeconomic implications.

VR Score

96

Informative language

97

Neutral language

65

Article tone

formal

Language

English

Language complexity

61

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

long-living

External references

16

https://taxpolicycenter.org/taxvox/tpc-trump-tariffs-would-raise-household-taxes-and-slow-importshttps://www.reuters.com/world/us/trump-says-john-deere-will-be-hit-with-200-tariffs-if-production-moves-mexico-2024-09-23/https://www.cnbc.com/2024/01/22/trumps-proposed-10percent-tariff-plan-would-shake-up-every-asset-class-strategist.htmlhttps://www.piie.com/publications/policy-briefs/2024/why-trumps-tariff-proposals-would-harm-working-americanshttps://www.cbo.gov/publication/58549#:~:text=Therefore%2C%20when%20CBO%20and%20JCT%20estimate%20the%20budgetary,caused%20by%20the%20change%20in%20the%20indirect%20tax.https://www.jstor.org/stable/26796842#metadata_info_tab_contentshttps://www.cbo.gov/publication/60074https://www.piie.com/sites/default/files/2024-05/pb24-1.pdfhttps://publishing.gs.com/content/research/en/reports/2024/04/06/4c3c1b09-4767-4732-8e24-8f8c30d0c4c7.htmlhttps://www.washingtonpost.com/politics/2024/08/14/trump-rally-speech-north-carolina-economy-jd-vance/https://www.aeaweb.org/articles?id=10.1257/jep.33.4.187https://www.bloomberg.com/news/articles/2018-04-04/as-china-fires-back-in-trade-war-here-are-the-winners-and-losershttps://ustr.gov/trade-agreements/free-trade-agreementshttps://www.cnbc.com/2024/02/04/trump-floats-more-than-60percent-tariffs-on-chinese-imports.htmlhttps://www.piie.com/sites/default/files/2024-09/wp24-20.pdfhttps://www.bea.gov/industry/input-output-accounts-data

Source diversity

12

taxpolicycenter.orgwww.reuters.comwww.cnbc.comwww.piie.comwww.cbo.govwww.jstor.orgpublishing.gs.comwww.washingtonpost.comwww.aeaweb.orgwww.bloomberg.comustr.govwww.bea.gov

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