TOKYO -- Tariffs proposed by President-elect Donald Trump would drag down U.S. gross domestic product by 1.1% in 2027 via their impact on prices and employment, according to a Nikkei estimate.
Nikkei commissioned a study on the impact of the proposed tariffs with the Institute of Developing Economies at the Japan External Trade Organization and added its own analysis. The study is based on the tariff plans announced by Trump on Nov. 25. These include a 25% duty on products from Mexico and Canada -- three-nation free trade agreement partners -- and an additional 10% levy on Chinese goods.
