Customs duties have quadrupled this year but, as of August, were only about 8 percentage points of goods imports higher — roughly half of estimates like Chad Bown's 21pp, CBO's 18pp, or Yale Budget Lab's 15pp — suggesting either loopholes/exemptions, evasion, or more increases to come.

factualpending

Speaker

Joseph Gagnon

Evidence Quote

as of August uh they were only uh eight percentage points of goods imports higher. So uh maybe half of what some of these estimates say.

Source

The changing dollar regime: An updatePeterson Institute for International Economics
Created: 6/18/2026, 1:57:48 PM

My Notes

Loading notes...