The theory that foreign firms will cut their prices to avoid losing U.S. customers when tariffs are imposed is not supported by evidence, as U.S. import prices have not fallen and detailed evidence from the first Trump term shows exporting firms did not cut their prices.

Authors

• Person: Not available Organization: Brookings
  Tariffs are a particularly bad way to raise revenue | Brookings

Sources

• Tariffs are a particularly bad way to raise revenue | Brookings www.brookings.edu Brookings via serper

Referenced by nodes (1)

• tariff concept