When a United States-based business pays a tariff on imported parts used to manufacture equipment, the higher costs lower the business's profits, which subsequently reduces incomes for the business's workers and owners.

Authors

• Person: Not available Organization: Tax Foundation
  Trump Tariffs: Prices & Long-Term Economic Effects - Tax Foundation

Sources

• Trump Tariffs: Prices & Long-Term Economic Effects - Tax Foundation taxfoundation.org Tax Foundation via serper

Referenced by nodes (1)

• U.S. location