Tariff war cost US companies and consumers US$4.4 billion a month in 2018, report says

//Tariff war cost US companies and consumers US$4.4 billion a month in 2018, report says

Tariff war cost US companies and consumers US$4.4 billion a month in 2018, report says

Washington’s tariff war against its trading partners, particularly China, cost American companies and consumers US$4.4 billion a month last year, according to researchers.Economists from the New York Federal Reserve and Princeton and Columbia universities assessed the impact of the duties on prices and welfare in the United States, concluding that those who were exposed to the duties overseas “paid none of the bill”.The research paper was released as the US and China, the world’s two largest…

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By | 2019-03-04T16:32:22+00:00 March 4th, 2019|Headlines|Comments Off on Tariff war cost US companies and consumers US$4.4 billion a month in 2018, report says