Study of Wine Tariffs Shows Consumers Will Pick Up Part of Trump's Tab
A study from Duke's Department of Economics found that consumers ultimately paid more than the tariff cost on European wines during a 2019-21 trade dispute.
The study's findings could have significant implications for U.S. consumers as a fresh wave of tariffs around the globe affects prices.
Our findings contain both good and bad news for the American consumer.
- Consumers paid higher costs than the federal government collected in tariff revenue.
- The study was conducted by Duke's Department of Economics.
The upshot was that Americans paid higher costs than the federal government.
Author's summary: Consumers pay more due to wine tariffs.
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