"Americans paying almost entirely for Trump tariffs: Study"Posted By Rod Kaufman |
Tell us something we didn't already know...better yet, make the MAGA get this through their heads:
"A new study from the Kiel Institute for the World Economy found that Americans bore 96 percent of the costs incurred by President Trump’s tariffs last year."
"The study, which analyzed shipment-level data covering over 25 million transactions, found that firms importing goods into the U.S. absorbed only 4 percent of the costs from the levies. The remaining 96 percent was passed on to American buyers, while U.S. customs revenue surged by roughly $200 billion last year."
https://thehill.com/business/5697480-tariffs-burden-us-buyers/
"A new study from the Kiel Institute for the World Economy found that Americans bore 96 percent of the costs incurred by President Trump’s tariffs last year."
"The study, which analyzed shipment-level data covering over 25 million transactions, found that firms importing goods into the U.S. absorbed only 4 percent of the costs from the levies. The remaining 96 percent was passed on to American buyers, while U.S. customs revenue surged by roughly $200 billion last year."
https://thehill.com/business/5697480-tariffs-burden-us-buyers/