The Illusory Tariff Effect: Trump tariffs costing US consumers $1.4 billion per month

• 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.

schuylaar said:

https://www.cnbc.com/2019/03/26/ny-...g-us-consumers-1point4-billion-per-month.html

POINTS

• 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.

these are known as facts not opinion.

such winning.

Click to expand...

schuylaar said:

https://www.cnbc.com/2019/03/26/ny-...g-us-consumers-1point4-billion-per-month.html

POINTS

• 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.

these are known as facts not opinion.

such winning.

Click to expand...

squarepush3r said:

editorialized headline added by OP

Click to expand...

UncleBuck said:

Tell your boy to stop driving up the cost of everything we buy for his retarded and unwinnable trade war

Click to expand...

squarepush3r said:

editorialized headline added by OP

Click to expand...

squarepush3r said:

I don't support the trade war.

Click to expand...