US Importers Bore Cost of Trump’s China Goods Tariffs, ITC Says

US importers bore almost the entire burden of tariffs that Donald Trump placed on more than $300 billion in Chinese goods during his presidency, raising costs for American companies, a report by an independent US government agency found.

The US International Trade Commission, a bipartisan entity that analyzes trade issues, found an almost one-to-one increase in the price of US imports following the so-called section 301 tariffs, it said in a report on Wednesday. The study came in response to a directive from Congress as part of a law passed last year.