An IMF study links higher tariffs to less output over time. It also finds less output per unit of work. The study covers 151 countries.

Checked 2026-10-13. Each record says what the source can and cannot show.

What this covers

Place: 151 countries
Time covered: Data from 1963 to 2014; paper published 2019

What this does not prove

It spans many places and years. It does not price Canada’s current trade walls. The authors test several methods. One study cannot settle every case.

Read the source

Macroeconomic Consequences of Tariffs ↗

IMF Working Paper 2019/009 · 2019-01-15

Where to look: Abstract; annual panel of 151 countries, 1963–2014

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