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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Zhenhua Lu

Zhenhua Lu

Zhenhua Lu joined the Post in 2017 as US correspondent covering US-China relations on diplomacy, security and trade. After six years' working overseas in Brussels and Washington DC, he is now based in Hong Kong and writes about China foreign policy. He has master's in international journalism.