Researchers found US producers responded to reduced import competition by raising their prices an average of 1 percentage point. Photo: AFP

Tariff war cost US companies and consumers US$4.4 billion a month in 2018, report says

  • Economists find those who were exposed to the duties overseas ‘paid none of the bill’ – which was passed on to American importers and consumers
  • They say the US economy has been damaged by the dispute that has seen tariffs applied on about US$283 billion of imports
Topic |   US-China trade war

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Researchers found US producers responded to reduced import competition by raising their prices an average of 1 percentage point. Photo: AFP
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