Yes, Trump tariffs are costing billions. No, China isn't paying

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While Trump has suggested on Twitter and in public comments that tariffs are somehow being charged to or paid by China, economists say that’s misleading. U.S.

importers are responsible for the duties, and ultimately U.S. businesses and consumers pay through higher costs, they say.

importers are responsible for the duties, and ultimately U.S. businesses and consumers pay through higher costs, they say. China’s top trade negotiator Liu He will travel to the U.S. this week as the high-stakes talks continue. But those numbers appear to be estimates from a 2018 report based on historical data, said David Weinstein, an economics professor at Columbia University and one of the authors of the March study.

 

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