Research

Impact of president-elect Trump’s proposed tariffs on the US

January, 2025

Summary

Blog 1: Shooting yourself in the foot: Trump aims tariffs at Canada and hits the United States. President-elect Trump has proposed a 25% tariff on all imports from Canada which could pose a serious threat to trade flows in North America. We used our gTech model to understand the potential economic impacts of these tariffs.

Blog 2: Canada’s response to Trump’s tariffs may be too polite. The Canadian government is considering retaliatory tariffs in the event an import tariff is implemented by the new U.S. administration. We estimate the relative impact of these proposed retaliatory tariffs on the US economy.

Blog 3: Hitting them where it hurts: Where should Canada impose retaliatory tariffs on the U.S.? Canada is considering its many options for retaliation against proposed U.S. tariffs with tariffs of its own. This blog explores these options to identify retaliatory tariffs that will inflict the most damage on the U.S. economy and the least on Canada.

Click the image above to download Blog 1.

Click the image above to download Blog 2.

Click the image above to download Blog 3.

Download Blog 1 and Blog 2.

To learn more about this research, please contact Brianne Riehl.

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