G-Cubed 15 Percent Tariffs in February 2025
Analysis based on US tariff announcements on February 22, 2025
Tariff increases are imposed by the US on the goods (but not the services) imported from all other regions, starting in 2026. No retaliation by other countries is modelled, at this stage.
The impacts of the tariff changes are presented as deviations from two alternative baselines:
Analysis has been performed using model 6W build 195.