
The Potential Economic Impact of Sustained, Significant Tariffs on Imports from Canada and Mexico
Brief Published on February 04, 2025Although 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.

The High Economic Cost of Proposed Tariffs on Imports from Canada and Mexico
Brief Published on December 03, 2024President-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.
Tariff Turbulence
Column Published in syndication December 04, 2024President-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.
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- Canada,
- Mexico,
- tariffs,
- United States