New York Fed Research: US Businesses and Consumers Bear 90% of Tariff Costs
By
mraniki
3mo ago· 2 min readenNews
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Summary
Research from the New York Federal Reserve shows that US businesses and consumers bear approximately 90% of the costs from tariffs imposed on Chinese imports, contradicting claims that foreign companies pay for these levies. The study examines the economic impact of tariffs implemented during the Trump administration and finds that the burden falls primarily on American importers and consumers through higher prices.
Key quotes
· 3 pulledUS businesses and consumers pay 90% of tariff costs
Central bank's research undercuts Trump's claims that foreign companies will pay for levies
Research from the New York Federal Reserve shows that US businesses and consumers bear approximately 90% of the costs from tariffs imposed on Chinese imports
Central bank’s research undercuts Trump’s claims that foreign companies will pay for levies
