1.0Liberty Street Economicshttps://libertystreeteconomics.newyorkfed.orgblog authorhttps://libertystreeteconomics.newyorkfed.org/author/blog-author/Who Pays the Tax on Imports from China? - Liberty Street Economicsrich600338<blockquote class="wp-embedded-content" data-secret="wAh4XK2XEX"><a href="https://libertystreeteconomics.newyorkfed.org/2019/11/who-pays-the-tax-on-imports-from-china/">Who Pays the Tax on Imports from China?</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://libertystreeteconomics.newyorkfed.org/2019/11/who-pays-the-tax-on-imports-from-china/embed/#?secret=wAh4XK2XEX" width="600" height="338" title="“Who Pays the Tax on Imports from China?” — Liberty Street Economics" data-secret="wAh4XK2XEX" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script>
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https://libertystreeteconomics.newyorkfed.org/wp-content/uploads/sites/2/2019/11/6a01348793456c970c0240a4c94a8e200d-500wi.jpg500313Tariffs , of little interest for decades, are again becoming relevant given the increase in the levies charged on Chinese imports. U.S. businesses and consumers are shielded from higher tariffs to the extent that Chinese firms lower their dollar-denominated prices. However, data indicate that prices on goods from China are not falling. As a result, U.S. firms and consumers are paying the tax.