The Cost of the Trade War
Tariffs are taxes that Americans pay. These taxes are being paid by American farmers, retailers, manufacturers, businesses and consumers.
Based on monthly tariffs on imports Americans have paid thus far, every second the trade war drags on costs Americans $1,046. While that number alone is far too high, it doesn't include the cost of retaliatory tariffs that are causing exports to plummet, or the price of programs that are paying our farmers for the losses they have incurred, or the tariffs’ ripple effects on the broader U.S. economy. It also doesn’t include the cost of uncertainty the trade war has created that is preventing American businesses from being able to plan for the future, invest and grow.