Tariffs function as a regressive tax because the increased costs to businesses are often passed on to consumers, causing lower-income consumers to pay a greater share of their after-tax income on these costs compared to higher-income consumers.

Authors

• Person: Not available Organization: University of Wisconsin-Stevens Point
  U.S. Trade and Tariffs: A Long-Term Perspective - UW-Stevens Point |

Sources

• U.S. Trade and Tariffs: A Long-Term Perspective - UW-Stevens Point | blog.uwsp.edu University of Wisconsin-Stevens Point via serper

Referenced by nodes (1)

• tariff concept