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Americans shelled out tens of billions of dollars in tariffs over the past year and a half.
Businesses and consumers in the US have paid an additional $34 billion in tariffs from the time the trade war started in February of last year through August 2019, according to one analysis.
Tariff collections are expected to increase in the coming months as the Trump administration attempts to pressure China to change trade practices seen as unfair.
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As President Donald Trump escalated a trade dispute with China over the past year and a half, Americans shelled out tens of billions of dollars in tariffs.

Businesses and consumers in the US have paid an additional $34 billion in tariffs from the time the trade war started in February of last year through August 2019, according to the free-trade advocacy groups Tariffs Hurt the Heartland and the Trade Partnership.

“Business leaders and economists across the country agree the trade war is seriously damaging our economy, killing American jobs and making goods more expensive for American families and small businesses,” said Jonathan Gold, a spokesperson for Tariffs Hurt the Heartland.

While the White House has often asserted foreign exporters …read more


Source:: Businessinsider – Politics

      

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