Summary

Trump's threatened tariffs could lead to significant economic harm for the U.S., Canada, Mexico, and China. These tariffs, if implemented, threaten to slow economic growth and increase inflation across all involved nations, per commentary from Peterson Institute for International Economics.

Trump's proposed tariffs on Mexico, Canada, and China could harm all involved economies, including the US. These measures aim to tackle illegal immigration and drug flows, according to a commentary by experts at Peterson Institute for International Economics.

The issue:  

Trump intends to impose a 25% tariff on Mexico and Canada and a 10% tariff on China to address illegal immigration and fentanyl trafficking. These tariffs threaten to disrupt highly integrated economies, potentially reducing US GDP by $200 billion and significantly slowing growth in all affected countries.

What they recommend:  

Experts advise renegotiating the US-Mexico-Canada Agreement (USMCA) to avoid the economic damage from imposing tariffs. They suggest making concessions within the agreement to address US concerns and prevent the need for tariff imposition.

Go deeper:  

The analysis utilizes the G-Cubed model to project extensive GDP losses and increased inflation across the US, Mexico, Canada, and China if the tariffs are implemented. Mexico, heavily reliant on US exports, faces catastrophic economic impacts, potentially exacerbating illegal immigration incentives. Historical patterns indicate that Trump may not follow through on his tariff threats, as seen during his previous administration.

This is a brief overview of the commentary by experts at Peterson Institute for International Economics. For complete insights, we recommend reading the full commentary.

Related articles

All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
Reducing US oil demand, not production, is the way forward for the climate
Brookings
·
Nov 18, 2023

Reducing US oil demand, not production, is the way forward for the climate

Summary
  • Brookings expert Samantha Gross writes that reducing oil production in the U.S. will not significantly impact global oil production, as other producers can easily fill the gap.
  • Changing the transportation system from gasoline and diesel to electricity is key to reducing oil demand and greenhouse gas emissions.
Leans Left
Research
·
Climate Change
Read summary
(1 min.)
-->
Trump wins Iowa — no surprises there. What happens next?
Brookings
·
Nov 18, 2023

Trump wins Iowa — no surprises there. What happens next?

Summary
  • Trump's win in Iowa was expected, and he secured over 50% of the vote, performing well across various voter groups.
  • The race for second place was also as predicted, with Ron DeSantis and Nikki Haley finishing second and third, respectively.
Leans Left
Commentary
·
2024 U.S. Elections
Read summary
(1 min.)
-->
Whose Ground Zero? Competing Perspectives of the Israel-Hamas War
German Marshall Fund
·
Nov 18, 2023

Whose Ground Zero? Competing Perspectives of the Israel-Hamas War

Summary
  • The U.S. and Europe's pro-Israel stance in the war in Gaza, coupled with their response to Ukraine, is leading to global criticism and a potential shift in international relations, isolating them from non-Western countries.
  • This situation offers autocratic nations like China, Iran, and Russia an opportunity to increase their influence, exploiting perceptions of Western moral inconsistency and opportunism.
Nonpartisan
Commentary
·
War in Israel-Gaza
Read summary
(1 min.)
-->
Should America have trillionaires?
Brookings
·
Nov 18, 2023

Should America have trillionaires?

Summary
  • Brookings expert Darrell M. West highlights the growing income inequality in the U.S., where the top 10% of income earners now receive 48% of the country's total income.
  • "Left unchecked, extraordinary money can lead to preferential economic treatment, advantageous political access, and unfair policy benefits."
Leans Left
Commentary
·
Culture & Society
Read summary
(1 min.)
-->
Will Support for Israel Cost Biden Michigan?
American Enterprise Institute
·
Nov 18, 2023

Will Support for Israel Cost Biden Michigan?

Summary
  • AEI experts explore the potential political impact of President Biden's support for Israel on his electoral prospects in Michigan, particularly among Muslim and Arab American voters.
  • The shift in Arab American support away from Biden in Michigan is important, but it is unlikely to be the sole deciding factor in Michigan's electoral outcome.
Conservative
Blog
·
2024 U.S. Elections
Read summary
(1 min.)
-->
No results found.
Original Read Time
9 min
Organization
The Brookings Institution
Category
Israel-Gaza War
Political Ideology
Center Left

We make expert analysis of current events
simple and accessible for all.

Join us in elevating our public discourse.