Monday, May 13, 2019

US consumers paid for the tariffs

There is a study in America that after Trump imposed the tariffs on China imports, the prices charges by the exporters remain unchanged, so the US consumers have to pay the higher prices, i.e. due to the tariffs.

The US manufacturers raised their prices to match the higher prices from the imports (which include the tariffs).

The study concluded that he US consumers paid for the tariffs.

Read more about the impact here:
https://tklcloud.com/Feedback/feedback2.aspx?id=1473

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