Americans’ Support for Tariffs Plummets When They See Prices Rise

“Economists understand that tariffs ultimately raise the prices of goods they are applied to. Tariffs are a tax on imported goods. This tax is paid by consumers. Americans must shoulder the additional cost for the same imported goods or pay higher prices for domestically made substitutes (whose quality might also deteriorate because their producers are shielded from foreign competition).”

Leave a Reply

Your email address will not be published. Required fields are marked *