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Recent empirical work and policy analyses converge on the finding that the 2025 US tariffs raised consumer prices, with the largest effects concentrated in and sectors that directly compete with impor...
The 2025 tariff overhaul materially raised federal customs receipts in the near term and materially altered the budget baseline by shaving projected deficits, but the size and persistence of that effe...
Undocumented immigrants paid in federal payroll taxes in recent years, with leading estimates centering around and , though total federal tax contributions vary across studies . Differences reflect va...
The evidence shows there is no single “current US tariff” rate; , and recent analyses report markedly different aggregate measures — from an 18.0% effective rate reported in mid‑October 2025 to lower ...