According to new estimations, if the 2025 tariffs were to remain in place, they would put more of a strain on households with lower income than those with more. The estimated tariff burden on households in the *** income decile is almost **** times that of the top decile.

This data package includes the underlying data files to replicate the data, tables, and charts presented in Why Trump’s tariff proposals would harm working Americans, PIIE Policy Brief 24-1.

If you use the data, please cite as: Clausing, Kimberly, and Mary E. Lovely. 2024. Why Trump’s tariff proposals would harm working Americans. PIIE Policy Brief 24-1. Washington, DC: Peterson Institute for International Economics.

US Tariff Impact on the Market

The imposition of US tariffs could have a considerable impact on the context-aware computing market, especially in the technology and electronics sectors. As the market heavily relies on software solutions and consumer electronics, increased tariffs on imported components or services may lead to higher production costs.

For instance, consumer electronics, which account for 29.3% of the market share, could face price hikes of 4-6%, disrupting both pricing strategies and market demand. Similarly, the software segment, which holds 49.4% of the market share, may see increased development costs due to tariffs on software tools and international collaboration.

While some businesses may relocate production to mitigate tariff burdens, others may absorb the higher costs, reducing profit margins. Tariffs may also push companies to seek local suppliers or increase investment in domestic R&D to maintain competitive pricing. This shift in sourcing strategies could have long-term implications on market dynamics.

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Economic Impact

• Increased tariffs could elevate the costs of software development and electronic components.
• Overall market growth may slow down as businesses adjust to higher operational costs.
• Businesses may need to reassess pricing structures, potentially affecting their revenue models.

Geographical Impact

• North America could face higher costs in importing components for consumer electronics.
• Tariffs may disrupt international supply chains, especially for software and hardware solutions.
• Companies might focus on local sourcing within the U.S. to mitigate tariff risks.

Business Impact

• Increased costs may force businesses to rethink their pricing strategies.
• Companies may invest more in domestic production to avoid tariff hikes.
• Smaller companies could face greater financial pressure from rising operational costs.

US Tariff Impact Percentage for Impacted Sector

The software segment, accounting for 49.4% of the market, may experience a 3-5% increase in development costs due to tariffs. Consumer electronics, which represent 29.3% of the market, could see price hikes of 4-6%, affecting consumer demand and sales.

Graph and download economic data for Federal government current tax receipts: Taxes on production and imports: Customs duties (B235RC1Q027SBEA) from Q1 1959 to Q2 2025 about receipts, imports, tax, federal, production, government, GDP, and USA.

US Tariff Impact on Market

The imposition of US tariffs could have a notable impact on the collision avoidance sensor market, particularly on sensor components such as radar, LiDAR, and cameras. These critical components are often sourced from overseas manufacturers, and tariffs on imported electronic parts and technologies could result in a 3-5% increase in production costs.

As the automotive sector is the largest end-user of collision avoidance sensors, the added cost could be passed on to consumers, potentially affecting the adoption rate of advanced driver assistance systems (ADAS). The increased cost may hinder the widespread use of these systems, especially for price-sensitive consumers and manufacturers.

However, companies may explore shifting their supply chains to domestic or non-tariffed regions to mitigate these effects. Additionally, tariffs could encourage investments in local manufacturing capabilities, potentially stimulating innovation but at a higher cost. The market’s long-term growth remains positive, but short-term challenges related to cost pressures may arise.

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Economic Impact

• Increased tariffs could raise production costs by 3-5%.
• Higher costs may reduce affordability for manufacturers and consumers.
• Price hikes could slow the adoption of ADAS technologies, limiting market growth.

Geographical Impact

• North America could experience slower adoption due to higher production costs.
• Asia-Pacific may face supply chain disruptions, especially for radar and LiDAR components.
• The US may seek alternatives by investing in domestic manufacturing, reducing reliance on imports.

Business Impact

• Companies may need to adjust pricing strategies to maintain competitiveness.
• Higher production costs could squeeze profit margins for sensor manufacturers.
• Smaller manufacturers may struggle to absorb tariff costs, impacting their market share.

US Tariff Impact Percentage for Impacted Sector

The radar and LiDAR sensor sectors, which form the largest revenue share in the market, may face a 3-5% increase in production costs due to US tariffs on imported components. This could lead to a corresponding price increase in ADAS-equipped vehicles.

Tariffs have long been central tool in global trade policy. Learn how tariffs affect critical US industries, and how businesses are navigating their impacts.

US Tariff Impact on Market

US tariffs on financial services, technology and equipment could impact the check-cashing market by raising the cost of service infrastructure. This could lead to higher fees for consumers, particularly in retail and convenience stores, which hold a significant share of the market. The increased costs could be passed onto customers, especially in the personal segment, which captures over 68.6% of the market.

Additionally, tariffs may affect smaller, independent check-cashing service providers, reducing competition. However, given the steady demand for alternative financial services from the underbanked population, the market is expected to continue growing, despite potential cost increases.

US Tariff Impact on Sectors:

• Payroll Checks: 4%-6%
• Personal Transactions: 5%-7%
• Retail & Convenience Stores: 3%-5%

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Economic Impact

Tariffs on financial technology and equipment could raise operational costs for check-cashing services, leading to higher service fees. These increased costs could affect consumers, particularly in price-sensitive segments like personal financial transactions, slowing down adoption and growth, especially for smaller service providers.

Geographical Impact

The US, particularly in regions with large underbanked populations, will face the most significant impact from tariffs. Higher service fees in retail and convenience stores, which account for a large portion of the market, could reduce accessibility and affordability, especially for lower-income individuals relying on check-cashing services.

Business Impact

Businesses in the check-cashing sector may experience higher operational costs due to tariffs, which could reduce profit margins and lead to higher fees for customers. Smaller, independent providers may be hit hardest, potentially leading to consolidation and fewer service options, while larger chains may absorb some of the additional costs.

SMIC is monitoring the impact of tariffs on demand as it faces uncertain revenue projections, with potential declines up to 6% for the next quarter.

Onsemi projects strong Q2 revenue, driven by demand for EV chips, overcoming tariff challenges.

Harley-Davidson suspends annual forecasts due to U.S. tariff challenges, impacting revenue and market dynamics.

This summary table shows, for Budget Receipts, the total amount of activity for the current month, the current fiscal year-to-date, the comparable prior period year-to-date and the budgeted amount estimated for the current fiscal year for various types of receipts (i.e. individual income tax, corporate income tax, etc.). The Budget Outlays section of the table shows the total amount of activity for the current month, the current fiscal year-to-date, the comparable prior period year-to-date and the budgeted amount estimated for the current fiscal year for functions of the federal government. The table also shows the amounts for the budget/surplus deficit categorized as listed above. This table includes total and subtotal rows that should be excluded when aggregating data. Some rows represent elements of the dataset's hierarchy, but are not assigned values. The classification_id for each of these elements can be used as the parent_id for underlying data elements to calculate their implied values. Subtotal rows are available to access this same information.

Global Bulk Carrier Ships market size was $374.24 Billion in 2022 and it is forecasted to reach $412.36 Billion by 2030. Bulk Carrier Ships Industry's Compound Annual Growth Rate will be 4.4% from 2023 to 2030. Factors Impacting on Bulk Carrier Ships Market

Rise in international trading

Trading and transportation across the borders have dramatically increased over the past few decades. Moreover, recent couple of decades have seen mounted growth in world economy. This trade growth is an ultimate result of both technological advancements and reduction in trade barriers. Almost every country is aggressively promoting economic development which is driving world trade to significantly grow every year with an average growth of 6%. International trade allows countries to expand their markets by providing goods and services to other countries. It thus allows countries to extend their markets and get access to items and services that are otherwise be unavailable in their home country. International commerce also leads to the increasing competitiveness. This integration thus helps in raising living standards across the world. Import, export, and entrepot activities are used in international trade. Currently, technological innovation, increased need for a variety of items, and rising desire for authentic products are all driving up international commercial activity. Bulk carrier ships play vital role in supply chain by carrying cargo across oceans linking borders across the globe. It is one of the most cost-effective ways to transfer large amounts of commodities throughout the world. Shipping and seaborne trade have enabled the transition from a world of separated territories to a globally linked community. Hence surging international trade drives the growth of bulk carrier’s market across the globe.

Restraining Factor of Bulk Carrier Ships market

Volatility in transportation cost and tensions in trade across borders may hamper the growth of market Volatility in the prices of fuels impacts pricing of the goods. Further, in case of global rise in the tariffs, high import prices hamper firm's production costs as well as purchasing power of customers. Further, stringent regulations, such as tracking orders, meeting promised timeline, determining liabilities, etc. associated with shipping goods across borders may hinder the growth of market. Moreover, unstable political parameters of any particular country also hamper the cargo shipping market. For instance, Russia-Ukraine war has impacted the shipping industry owing to the rise in the oil prices. Furthermore, ongoing U.S.-China tariff stand-off is also threatening trading across the borders. Hence, geopolitical crisis somehow hinders the growth of bulk carriers ships market.

Current Trends on Bulk Carrier Ships

Technological Improvement

Demand for coal, ores and cement has increased owing to the liberalization in global trade. This demand will keep on increasing and to meet the growing demand, developments have been made to offer solutions that can enable reduction in the transportation cost. Moreover, rise in the environment concern is aiming to reduce the impact of CO2 emissions from ships on marine culture by reducing the fuel consumption. Hence, new regulations have made in designing smaller ship size bulk carrier ship with engines meeting the demand for lower rpm in order to obtain an optimum ship design with highly efficient large propellers.

What is the impact of COVID-19 pandemic on Bulk Carrier Ships Market?

Advent of COVID-19 in year 2020 has plunged international trade due to the reduction in production and distribution of goods. Initial period of pandemic has resulted in the double-digit decline of revenue from bulk carrier ship market. However, the second half of pandemic global trade started recovering at relatively faster pace facilitating a V-shaped graph. What are Bulk Carrier Ships?

Carrier ships are the integral link between the production and its consumption all across the globe. It thus plays very crucial part in connecting global economy. It has been estimated that almost 80% of global goods gets transported across oceans via ships. Though air freight is less time consuming, but the cost associated with it is too high in comparison to carrier ships. Further, carrier shipping allows heavy loads, as well as hazardous materials which brings flexibility in tra...

This table is a subsidiary table for Means of Financing the Deficit or Disposition of Surplus by the U.S. Government providing a detailed view of the Change in Excess of Liabilities. This table includes total and subtotal rows that should be excluded when aggregating data. Some rows represent elements of the dataset's hierarchy, but are not assigned values. The classification_id for each of these elements can be used as the parent_id for underlying data elements to calculate their implied values. Subtotal rows are available to access this same information.

This table shows the gross outlays, applicable receipts and net outlays for the current month, current fiscal year-to-date and prior fiscal year-to-date by various agency programs accounted for in the budget of the federal government. This table includes total and subtotal rows that should be excluded when aggregating data. Some rows represent elements of the dataset's hierarchy, but are not assigned values. The classification_id for each of these elements can be used as the parent_id for underlying data elements to calculate their implied values. Subtotal rows are available to access this same information.

This table is a subsidiary table for Means of Financing the Deficit or Disposition of Surplus by the U.S. Government providing a detailed view of the transactions labelled, Agency Securities, Issued Under Special Financing Authorities. Special financing authorities include financing that is established by legislation under special or unique circumstances and for a specific purpose. This table includes total and subtotal rows that should be excluded when aggregating data. Some rows represent elements of the dataset's hierarchy, but are not assigned values. The classification_id for each of these elements can be used as the parent_id for underlying data elements to calculate their implied values. Subtotal rows are available to access this same information.

Omnicell exceeds Q1 2025 revenue expectations with a 9.6% increase, driven by strong demand for its medication management solutions, despite facing future challenges from new tariffs.

This summary table shows the on-budget and off-budget receipts and outlays, the on-budget and off-budget surplus/deficit, and the means of financing the budget surplus/deficit. The table also shows the budgeted amounts estimated in the President's Budget for the current fiscal year and next fiscal year for each item on the table. This table includes total and subtotal rows that should be excluded when aggregating data. Some rows represent elements of the dataset's hierarchy, but are not assigned values. The classification_id for each of these elements can be used as the parent_id for underlying data elements to calculate their implied values. Subtotal rows are available to access this same information.

Toyota projects a 21% profit decline for the fiscal year, affected by U.S. tariffs and a strong yen, despite strong hybrid vehicle demand.

GlobalFoundries forecasts Q2 revenue of $1.68 billion, surpassing expectations despite industry challenges.

This table is a subsidiary table for Means of Financing the Deficit or Disposition of Surplus by the U.S. Government providing a detailed view of federal funds and trust funds that are invested in Government Account Series (GAS) securities. Federal funds include general funds, special funds, and revolving funds (public enterprise revolving funds, intragovernmental revolving funds, and credit financing accounts). A trust fund is a type of account, designated by law, for receipts or offsetting receipts dedicated to specific purposes and the expenditure of these receipts. This table includes total and subtotal rows that should be excluded when aggregating data. Some rows represent elements of the dataset's hierarchy, but are not assigned values. The classification_id for each of these elements can be used as the parent_id for underlying data elements to calculate their implied values. Subtotal rows are available to access this same information.