PolitiFact: Do Trump Tariffs Cost More Than Affordable Care Act Taxes?
media mentionMatt Gardner, a senior fellow at the Institute on Taxation and Economic Policy, added that regardless of imports volume, we don’t know how they will get passed through by the companies paying them, either. And not everyone has to pay them — consumers could simply redirect their demand.
“Will it all get passed through in the form of higher prices on retail goods? Will the employees of these companies get lower wages? Likely some combination of these things, but nobody yet knows,” Gardner said.