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Tariffs raise prices, reduce real incomes, and slow GDP growth, with varying effects depending on responses and retaliation
Retaliatory tariffs imposed by U.S. trading partners shifted a large share of the tariff burden onto U.S. exporters and downstream users rather than evenly distributing costs across the economy: agric...
The answer is: in some measurable ways yes, and in some ways no — inflicted deep, lasting costs in security, civil liberties, , public health and local economies while the national economy and markets...
Yes — Americans generally pay for tariffs in economic terms: while importers legally remit duties to customs, a large body of recent empirical work concludes that U.S. importers, U.S. firms and ultima...
Independent analyses converge that the 2025–26 U.S. tariff program raises consumer prices modestly to materially—estimates cluster between a one-off price-level increase of roughly 0.9–2.3 percent and...
Across multiple recent analyses, states that trend Democratic (“blue”) generally send more federal tax dollars per capita into Washington while states that trend Republican (“red”) tend to receive mor...