Updated June 24, 2026

Tariffs and Trade Policy in 2028

The use of tariffs as a tool of economic and foreign policy, and their effects on American consumers and businesses.

Why it matters in 2028

Tariff policy became one of the most economically significant and controversial issues of the mid-2020s, affecting prices across the economy. The 2028 race will force candidates to take clear positions on whether tariffs are a useful tool, against whom they should be applied, and what the goal of trade policy should be.

The two broad approaches

How each party frames tariffs and trade policy

A neutral summary of each party's general governing approach. Individual 2028 candidates will differ - no nominee has been chosen yet.

Democratic approach

Democrats are divided on tariffs. Some support targeted tariffs to protect specific industries or as leverage in trade negotiations, while opposing broad consumer-price-raising tariffs. Many in the party favor managed trade agreements that include labor and environmental standards. Progressive members tend to be skeptical of free-trade frameworks that they argue have hurt American workers, while others emphasize the consumer cost of high tariffs.

Republican approach

Many Republicans have embraced tariffs more broadly as a tool of economic nationalism, arguing that they protect domestic industries, generate revenue, and give the U.S. leverage in negotiations with trading partners. The party's position has shifted considerably from its traditional free-trade orientation. There remains a free-trade wing of the party that argues tariffs are ultimately a tax on American businesses and consumers.