Economists Confirm Americans Pay for Tariffs Despite Politicians' Claims
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#119c5168 ver:0.21

Economists confirm that Americans are paying for tariffs on Chinese-made goods, resulting in higher prices for consumers. The tariffs, left in place by President Biden, have led to increased costs for shoes, luggage, and hats. While other factors like the pandemic and supply chain disruptions also contribute to inflation, industry trade groups argue that tariffs have played a role. Some major shoe brands urge the Biden administration to lift tariffs for increased competition and lower prices. However, Biden keeps tariffs to strengthen US supply chains and protect consumers from China's unfair trade practices. The decision has implications for consumer prices and the US-China trade relationship. #Tariffs #ConsumerPrices #USChinaTrade...

#newstr #Tariffs #Taxes #Economists #TradePolicy #DonaldTrump #JoeBiden 

 https://here.news/story/119c5168?ver=0.21