New research reveals that tariffs on imported manufacturing inputs, like those proposed by Donald Trump, could discourage U.S. investment in manufacturing by raising production costs.

Trump’s Presidency: How Will It Affect Your Taxes?

Former President Donald Trump has proposed a range of tax policy initiatives, including extending the provisions from the 2017 Tax Cuts and Jobs Act (TCJA) that are set to expire, reinstating the deduction for state and local taxes (SALT), lowering the corporate tax rate for domestic production, exempting certain income types from taxation, eliminating green energy tax credits, and introducing significant new tariffs.