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President Trump has announced a 25% tariff on imports of automobiles and various automobile parts that will come into effect on April 2nd. These tariffs are designed to promote domestic automobile production, creating jobs and decreasing dependency on other nations. There are concerns that these tariffs will raise consumer prices, accelerating inflation nationally, and also result in retaliatory tariffs. Automobile tariffs will have significantly different economic impacts across regions and sectors in the United States. It is critical for states to forecast how tariffs will affect their region and what they can do to react.

In this session Dr. Frederick Treyz and Chris Judson will demonstrate how the REMI Multiregional US (MRUS) model can explore the sector-specific and regional impacts of tariff policies. Current REMI clients and anyone interested in tariff policy analysis are encouraged to attend.