Understanding Tariffs and GDP Growth
November 05, 2025
November 05, 2025
WASHINGTON, Nov. 5 [Category: Think Tank] -- The American Action Forum issued the following commentary:
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Understanding Tariffs and GDP Growth
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Executive Summary
* Treasury Secretary Bessent has stated that every $300 billion collected in tariff revenue would contribute 1 percentage point to gross domestic product (GDP) growth.
* The Trump Administration argues its tariffs are necessary to reduce U.S. imports, . . .
* * *
Understanding Tariffs and GDP Growth
*
Executive Summary
* Treasury Secretary Bessent has stated that every $300 billion collected in tariff revenue would contribute 1 percentage point to gross domestic product (GDP) growth.
* The Trump Administration argues its tariffs are necessary to reduce U.S. imports, . . .