1 of 1
Story summary
- The Financial Times, citing the New York Federal Reserve, says US businesses and consumers bear about 90% of tariff costs.
- The article questions who pays the majority of US tariffs and how that burden has shifted over the past year.
- It discusses tax incidence in relation to the elasticities of supply and demand for imported goods.
- The piece is part of a free schools access program to boost high school economics education.
