Sunday, April 28, 2019

Trump’s washing machine tariffs hit consumers hard - The Washington Post

President Trump has repeatedly sought to portray his tariffs on Chinese goods as a major windfall for the U.S. treasury that has extracted “billions of dollars” from China. But the reality is that tariffs are typically absorbed by consumers in the form of higher prices. And now a new study shows just how big that markup can be...
https://www.washingtonpost.com/us-policy/2019/04/23/trumps-washing-machine-tariffs-cost-us-consumers-every-job-created/

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