Publications | The Perryman Group
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The Potential Economic Impact of Sustained, Significant Tariffs on Imports from Canada and Mexico
Brief Published on February 04, 2025

Although the situation remains in flux and a temporary pause is in place, one thing is very clear: sustained, significant tariffs on imports from Canada and Mexico would be very costly to the US economy. Tariffs of 25% on virtually all goods imported from Mexico and Canada with the exception of Canadian energy products (which are scheduled to be 10%) were recently announced. If levies of this magnitude are sustained for one year, The Perryman Group estimates that about 1.9 million US jobs could be lost.

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The High Economic Cost of Proposed Tariffs on Imports from Canada and Mexico
Brief Published on December 03, 2024

President-elect Trump has announced that he is considering a 25% tariff on goods from Canada and Mexico. The stated goals are to reduce the flow of fentanyl and other drugs into the United States and to increase assistance with controlling illegal immigration. While these issues are important, the economic costs of such tariffs would be enormous. If levies of this magnitude are actually implemented and sustained for an extended period, The Perryman Group estimates that almost two million US jobs could be lost.

What would the impact be of the potential tariffs on goods from Mexico and Canada?
Radio Spot Broadcast via Texas State Networks on February 07, 2025

Dr. Perryman discusses the impact of the potential tariffs on goods from Mexico and Canada.

What impact might increasing tariffs have on the economy?
Radio Spot Broadcast via Texas State Networks on January 29, 2025

Dr. Perryman discusses what increasing tariffs might do to the economy.

Free Trade
Radio Spot Broadcast via Texas State Networks on May 01, 2024

Dr. Perryman discusses the benefits of free trade.

Trade Tribulation
Column Published in syndication February 05, 2025

Although the situation remains in flux and a temporary pause is fortunately in place, it bears repeating that sustained, significant tariffs on imports from Canada and Mexico would be very costly to the US economy. Tariffs of 25% on virtually all goods imported from Mexico and Canada (except for Canadian energy products which are scheduled to be at a 10% rate) were recently announced. Such levies would begin to shred the gains that these countries have attained by stitching their economies together during three decades of free trade.

Tariff Turbulence
Column Published in syndication December 04, 2024

President-elect Trump has announced that he is planning to implement a 25% tariff on all goods imported to the US from Canada and Mexico. The stated goals are to reduce the flow of fentanyl and other drugs into the United States and to increase assistance with controlling illegal immigration. While these issues are certainly important, the economic costs of such tariffs would be enormous.