alt Hacker NewsYeah, the claim of
>The researchers estimate that the increase in the retail price to consumers was about 6.9 percent. This was on the $23 pre-tariff retail price, so it amounts to $1.59, which, in dollar terms, exceeded the tariff revenue collected.
Is seemingly contradicted by goldman sac's report, which claims consumers only paid 55% of the tariff increase.
https://www.idnfinancials.com/news/57938/goldman-sachs-us-co...
Goldman speaks of the current tariff regime; the study here looked at 2019-21 wine tariffs.
Also the tax burden will fall on different places depending on the markets and the good in question.