Kyle Pomerleau: Tariffs do not increase GDP or income

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30.09.2026

Kyle Pomerleau: Tariffs do not increase GDP or income — Tariffs lower GDP and income

Kyle Pomerleau argues that tariffs do not contribute to increases in GDP.

He explains that while tariffs may result in a slight uptick in steel production, they simultaneously cause reductions in other sectors, leading to lower net GDP and lower income overall.

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Pomerleau has previously questioned the relevance of automation research to proposals for a one-time wealth tax. He has also explained that changes to contribution limits are structured not to mainly benefit high-income households. These prior comments highlight his attention to the nuances of economic policy impacts.

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