Trump tariffs costing US consumers $1.4 billion per month, study shows
A new study finds the Trump administration's trade policies and tariffs reduced U.S. income at a rate of $1.4 billion per month by November.
The Federal Reserve Bank of New York, Princeton and Columbia conservatively estimate that U.S. tariffs cost American consumers at least $6.9 billion last year.
"Tariffs were almost completely passed through into U.S. domestic prices, so that the entire incidence of the tariffs fell on domestic consumers," the paper finds.
https://www.cnbc.com/2019/03/26/ny-f...per-month.html
MAGA!
