The 2018 trade war: consumers are paying a high price
There is an almost complete pass-through of tariffs into prices paid by US importers; consumers pick up the tab, write Mary Amiti, Stephen Redding and David E. Weinstein.
Over the course of 2018, the Trump administration imposed import tariffs on approximately $283 billion of US imports, with rates ranging between 10 and 50 per cent. In response, US trading partners, […]