U.S. Customs collects $9.50 from a 10 percent tariff on a $95 product, and if this revenue is refunded to consumers, the effective cost to the consumer becomes $95, which is cheaper than the original pre-tariff price of $100.

Authors

• Person: Not available Organization: Federal Reserve Bank of Dallas
  U.S. tariff outcomes dependent on trading partner responses

Sources

• U.S. tariff outcomes dependent on trading partner responses www.dallasfed.org Federal Reserve Bank of Dallas via serper

Referenced by nodes (3)

• tariff concept
• consumers concept
• revenue concept