Tariffs Impact on YoY U.S. GDP Growth Goldman Sachs forecasts that tariffs will reduce U.S. GDP growth by approximately 0.8 percentage points over the next year, with tax cuts and regulatory easing only offsetting 0.1 to 0.2 percentage points of this decline. Image: Goldman Sachs Global Investment Research
Impact of Tariff Increases on the U.S. Effective Tariff Rate Goldman Sachs’ recent estimate suggests that the U.S. effective tariff rate could increase significantly under different reciprocal trade plan scenarios. Image: Goldman Sachs Global Investment Research
Number of S&P 500 Constituents Mentioning Tariffs on Earnings Calls “Tariff Man’s” return has sparked a surge in tariff discussions during S&P 500 earnings calls, potentially exceeding Q2 2018 levels. Image: Fundstrat Global Advisors, LLC
Tariffs and U.S. Government Revenues Tariffs played a crucial role in the early industrialization of the United States, but their effectiveness in today’s global economy are potentially detrimental as they act as an economic drag, hurting more industries than they help. Image: Deutsche Bank
Tariffs in United States History While tariffs were crucial to the early industrialization of the United States, their relevance in today’s global economy is questionable—much like trying to use a rotary phone in a world dominated by smartphones: confusing and outdated. Image: Deutsche Bank
Which Countries Would Be Most Hit by Tariffs? Mexico, Vietnam, and Canada stand to lose the most if the United States implements new tariffs, given their strong economic relationships with the U.S.. Image: Deutsche Bank
How Much Tariffs Could Cost Each State? This chart shows how much each state would be affected by China’s export tariffs. Image: howmuch.net
Chinese Yuan (USD/CNY) and Tariffs Trade-sensitive Chinese yuan could move lower with tariffs headlines. Image: Wells Fargo Investment Institute
Estimated Tariff Impact on Core Inflation President Trump’s decision to increase the tariff rate will lead to a greater boost to U.S. consumer prices. Image: Goldman Sachs Global Investment Research
U.S. Average Tariff on All Imports A look at U.S. tariffs in the past and where they are today. Average U.S. tariffs were close to 1%, until President Trump decided to raise them. Image: BofA Merrill Lynch
Tariffs Are Raising Prices for U.S. Consumers The charts show that U.S. consumer and producer prices have risen more quickly in tariff-affected categories. This is unfortunate in this late business cycle. Image: Goldman Sachs Global Research