While the White House has asserted that foreign exporters pay tariffs, there's evidence those costs largely fall on domestic business and consumers.
The US government collected a record amount in tariffs in October as a trade dispute between the Trump administration and China escalated, according to new data released Monday.
President Donald Trump slapped steep duties on an additional $111 billion worth of Chinese imports on September 1, hitting far more consumer products than in previous tranches. He is scheduled to further escalate tariffs this Sunday as the two sides struggle to hammer out the details of an interim trade agreement.
While the White House has often asserted that foreign exporters pay tariffs, there's evidence that those costs largely fall on domestic business and consumers. Roughly $42 billion in additional tariffs were paid from February 2018 to October 2019, according to the data.
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