Impact of Higher Tariffs on the U.S. Core PCE Price Index The coming inflation rebound is expected be limited in scope and duration, meaning it is unlikely to trigger the kind of persistent inflation psychology that can drive a sustained wage-price spiral. Image: Goldman Sachs Global Investment Research
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
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
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
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
Increased Tariffs Between the U.S. and China: Is It Bad or Good for the U.S.? The survey shows the huge gap between Republicans and Democrats. Image: The New York Times Company
China is Raising Tariffs Only on the U.S. Actually, China is lowering tariffs on other countries. Image: Peterson Institute for International Economics
Average Consumer Price Increase After US Import Tariffs by 25% This chart shows the average consumer price increase in percentage points for US consumers/firms after an increase in US import tariffs by 25 percentage points. Trade war costs to consumers and companies. Tariffs are a hidden tax on American consumers and US firms. Image: Ifo…