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Old 03-26-2019, 10:19 AM
Chicks Chicks is offline
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Join Date: Mar 2017
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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!
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