Quote:A new study from the Kiel Institute for the World Economy found that Americans bore 96 percent of the costs incurred by President Trump’s tariffs last year.
The study, which analyzed shipment-level data covering over 25 million transactions, found that firms importing goods into the U.S. absorbed only 4 percent of the costs from the levies. The remaining 96 percent was passed on to American buyers, while U.S. customs revenue surged by roughly $200 billion last year.
The Kiel Institute noted that firms passed on tariff costs to buyers due to, among other reasons, the existence of other markets in Europe, Asia or elsewhere and difficulties switching suppliers.
https://thehill.com/business/5697480-tar...us-buyers/
