US firms and shoppers pay more in tariffs due to trade practices
Research shows US businesses and consumers are paying higher tariffs because of trade practices between related companies. These practices shift costs to domestic buyers.
This could increase prices for goods and services, affecting household budgets.
What the study found
Studies show US businesses and consumers are paying a larger share of tariffs than other countries due to trade between related companies.
How it affects prices
Higher tariffs from these trade practices may lead to increased prices for goods and services in the US.
Common questions
How do related-party trade practices affect tariffs?
These practices can shift the burden of tariffs onto US businesses and consumers, increasing their costs.
Why are US consumers paying more?
Because related-party trade practices are causing a disproportionate share of tariffs to be passed on to domestic buyers.
Sources
- The Hidden Tariff Burden of Related-Party Trade By Emily Kraschel, Alex Durante, Tax Foundation · taxfoundation.org
Headlines and links belong to the publishers listed above. The summary above is written by The Rate Brief; see how this works.
