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US Has Pulled in $16 Billion in Trump’s China Tariffs

21.05.2019

Gabriel Felbermayr has calculated the cost of US-Chinese trade disputes.

Excerpt from the Article

(...) “Contrary to public opinion, the greatest share of the tariff burden falls not on American consumers or firms, but on Chinese exporters,” wrote Benedikt Zoller-Rydzek and Gabriel Felbermayr, authors of the report.

They estimated that, with a 25 percent tariff on $250 billion of Chinese goods, U.S. companies and consumers will see prices of those products going up by less than 5 percent on average, while Chinese firms will have to reduce their prices by nearly 21 percent.

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