When United States businesses pass tariff costs to customers by increasing prices, customers have less disposable income to spend elsewhere, which causes profits for other businesses to fall and reduces incomes for those 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