WAKE UPCANADAJoin for free

Sources & fixes / I-E13

By the end of 2018, the US tariffs cost Americans over $3 billion a month in tax payments. They cost $1.4 billion a month more in pure waste that helped no one.

Checked 2026-10-19. Each record says what the source can and cannot show.

What this covers

Place: United States
Time covered: 2017 to 2018

What this does not prove

First year only. The tax payments go to the US Treasury — a transfer inside the country. The $1.4 billion of waste is the cleaner measure of loss.

Read the source

The Impact of the 2018 Tariffs on Prices and Welfare ↗

Amiti, Redding and Weinstein / Journal of Economic Perspectives · 2019

Where to look: By December 2018: $3.2 billion a month in added tax payments plus $1.4 billion a month in deadweight losses; import prices rose one-for-one with tariffs

Fixes and updates

No fact has changed in this version. If we fix a claim, we will add the date and explain the change here and in our list of fixes.

Sources & fixes →

WAKE UP CANADA

Share the case for change

Help more people see the facts and the plan.

By the end of 2018, the US tariffs cost Americans over $3 billion a month in tax payments. They cost $1.4 billion a month more in pure waste that helped no one.

Keep the source, date and notes with the image.

Checked:

What this does not show: First year only. The tax payments go to the US Treasury — a transfer inside the country. The $1.4 billion of waste is the cleaner measure of loss.

wakeupcanada.ca/en/evidence/I-E13/
Scan to open this page
Scan this code to read the full case.

Save an image

If the image opens in a new tab, press and hold it or use your browser’s save tool.

Sources and notes