花旗：全球经济_冲击模拟_美国同时加征关税与减税

V i e w p o i n t | 27 Jun 2025 09:59:52 ET │ 10 pages Global Economics Shock simulation: Simultaneous US tariffs and tax cuts CITI'S TAKE In this edition, we model the combined effect of US tariffs and US tax cuts. We simulate an effective US tariff rate of around 15%, coupled with tax cuts worth 1% of GDP. The tax cuts offset much of the initial downturn in GDP caused by the increase in tariffs. Revenues from the latter are balanced by revenue losses from the former, resulting in a negligeable net budgeta ...