Fed in Print
All Title Author Abstract
Bank Series Content Type Author JEL Classification

Discussion Paper

Trade-offs of Higher U.S. Tariffs: GDP, Revenues, and the Trade Deficit


Abstract: In recent years, protectionist trade policies have gained momentum globally, reversing decades of increasing globalization. This shift is driven by growing skepticism about the benefits of free trade, national security concerns, geopolitical considerations, and efforts to enhance economic resilience in the wake of COVID-19.

https://doi.org/10.17016/2380-7172.3774

Access Documents

File(s): File format is text/html https://www.federalreserve.gov/econres/notes/feds-notes/trade-offs-of-higher-u-s-tariffs-gdp-revenues-and-the-trade-deficit-20250707.html

Authors

Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2025-07-07

Number: 2025-07-07-1