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Americans, Not Chinese, Pay Trump Tariffs - New York Fed Study

Summary by Fox Business
The Federal Reserve Bank of New York recently released a survey that found businesses are passing some or all of the cost of higher tariffs onto consumers through higher prices.The New York Fed conducted its survey of businesses in the New York and northern New Jersey region from May 2-9 and found most businesses passed on at least some of the higher tariffs to their customers through higher prices. It found that about 90% of manufacturers and r…

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Reuters broke the news in United Kingdom on Monday, November 25, 2019.
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