Trade Groups Claims Americans Have Paid $22 Billion in Tariffs Through Trade War

New data released by Tariffs Hurt the Heartland this week claims Americans have paid nearly $22 billion in additional tariffs since the trade war with China began.  The data, which is broken down by individual tariff action, shows American businesses and consumers have paid $15 billion in higher costs due to tariffs on Chinese imports.

 

The data runs through April 2019, the most recent month available through the U.S. Census Bureau.

 

A spokesperson for the pro-free trade group says the tariffs are “erasing the benefits of tax reform,” and raising costs for U.S. businesses and families.  The data shows more than 70% of the additional tariffs collected during the trade war have come from Section 301 tariffs on China.  Many of those tariffs increased from 10% to 25% in May.

 

Through April, more than $15 billion in all tariffs has come from China 301 tariff actions. The data also shows exports generally decreased by 2.5 % from April 2018 levels.

 

 

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