Brookes Owl
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Washing Machine Tariffs - Results are in...
..and they should surprise no one. 1800 new jobs in the US between Samsung and Whirlpool. At a consumer cost of $820K per job created.
Quote:We find that in response to the 2018 tariffs on nearly all source countries, the price of washers rose by nearly 12 percent; the price of dryers—a complementary good not subject to tariffs—increased by an equivalent amount.
Quote:...an increase of 1.542 billion USD in consumer costs per year.
Quote:...a total annual tariff revenue of 82.2 million USD from these tariffs.
Who did we mean to punish here? What was this meant to fix?
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04-22-2019 02:52 PM |
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