I thought China was paying?!https://markets.businessinsider.com/news/stocks/americans-paid-record-tariffs-in-july-amid-china-trade-war-2019-9-1028517496
As President Donald Trump escalated the more than yearlong trade dispute between the US and China this summer, Americans paid a record amount in tariffs.
Businesses and consumers in the USpaid $6.8 billion in tariffs this July, according to the free-trade advocacy groups Tariffs Hurt the Heartland and the Trade Partnership. That was the highest monthly total in US history and a 62% increase from the same period a year earlier, they said.
"You can't budget for a double-digit tariff increase, and you can't plan a business when you're living tweet-by-tweet," said Jonathan Gold, a representative for Tariffs Hurt the Heartland. "The administration needs to use upcoming negotiations to end a trade war that truly has no winners."