Trump's trade war cost Americans $1.4 billion a month last year, according to a new report

A spate of protectionist policies with trading partners reduced real US income by $1.4 billion a month at the end of 2018, according to a new study by economists at the New York Federal Reserve, Princeton, and Columbia. Using official data on prices and quantities of imports, they found American consumers and businesses footed the bill following the $283 billion worth tariffs the Trump administration levied on major economies last year while overseas companies paid little to nothing.
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