It’s Only a Matter of Time Until Americans Pay for Trump’s Tariffs
In this Bloomberg article, Economist Alberto says;
- There are three parties who can end up bearing the cost of tariffs: foreign exporters, US firms that bring goods into the US, or US consumers.
- According to Cavallo, studying real-time pricing data shows that foreign companies aren’t paying for Trump’s tariffs, and US businesses are coughing up the money to pay the tariffs but haven’t yet passed them on to consumers in a major way.
- Eventually, companies will likely pass the tariffs along to customers, with data already showing pricing rising in response to Trump’s tariffs, particularly in categories like household goods, furniture, and electronics.
Follow the link above to read the entire article on Bloomberg.com.
