Economics
U.S. Pays Bulk of Tariff Costs as Levies Fail to Save Steel Jobs
- Impact of U.S. tariffs on imports rises over time, study shows
- Europe, Japan, South Korea bear half the cost of steel duties
Photographer: Ty Wright/Bloomberg
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American companies and consumers are paying almost the full cost of U.S. tariffs, and the impact of those duties on import volume magnifies over time, according to a paper circulated Monday by the National Bureau of Economic Research.