Shipping containers at the Port of Los Angeles in January. Photo: Reuters Shipping containers at the Port of Los Angeles in January. Photo: Reuters
Shipping containers at the Port of Los Angeles in January. Photo: Reuters

Americans, not Chinese, paying for Donald Trump’s tariffs, study by New York Fed shows

  • Prices charged by Chinese firms have barely budged, suggesting US companies and consumers are absorbing about US$40 billion in annual costs
  • However, China’s share of US imports of machinery, electrical equipment and electronics has fallen

Topic |   US-China trade war
Shipping containers at the Port of Los Angeles in January. Photo: Reuters Shipping containers at the Port of Los Angeles in January. Photo: Reuters
Shipping containers at the Port of Los Angeles in January. Photo: Reuters
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