90% of U.S. Tariffs Are Paid For by Importers or Consumers

©iStock/Yau Ming Low

Robert Krol is an emeritus professor of economics at California State University, Northridge/InsideSources.

He writes, "Despite the president’s claim that foreign exporters are paying the tariffs, research shows that at least 90% of U.S. tariffs are paid for by importers or consumers. The tariff bill has tripled over the last year for these smaller businesses. This results in a tariff bill that is $25,000 higher per month for the average small- and medium-size business."

Here he talks more about the U.S.-Mexico-Canada Agreement, the president's decision to not extend it, and the impact on small- and medium-size businesses. 

from The Global Small Business Blog https://ift.tt/sCdjFUw