The Tariff Study That Doesn’t Add Up
Just about the biggest question in trade economics today is who is paying for the tariffs .
We know that hundreds of billions of dollars of tariffs are being paid. The U.S. government is collecting tariff revenue and this has helped push down the budget deficit. These tariffs are directly paid by U.S. importers. The question is who ultimately bears the cost . Is it foreign manufacturers, perhaps because they have been forced to reduce prices to maintain market share? Is it the importers absorbing the import levies? Are the costs being passed-through to consumers in the form of higher retail prices?
A new stud…
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