A 25% across the board tariff on imports from China amounts roughly to a tax on businesses and households of $135 billion, or $400 per capita, assuming 2018 import value of $543 billion. (An upper bound estimate, yes).

A 25% across the board tariff on imports from China amounts roughly to a tax on businesses and households of $135 billion, or $400 per capita, assuming 2018 import value of $543 billion. (An upper bound estimate, yes). https://t.co/Tnwbp8QiCG via @CatoInstitute

— Dan Ikenson (@dikenson) May 10, 2019