Impact on a typical family:
Source: Brendan Duke, CAP.
From McKibben, Hogan, Noland (2024), cost to US economy from 10% tariffs, in GDP and inflation (deviation from baseline):
Additional 60% tariffs on Chinese imported goods.
From Alec Phillips, David Mericle and Tim Krupa (Goldman Sachs, 3 September 2024):
And we haven’t even considered the economic implications of mass deportations.