(The Center Square) – A study from Duke’s Department of Economics found that consumers ultimately paid more than the tariff cost on European wines during a 2019–21 trade dispute, a finding that could have significant implications for U.S. consumers as a fresh wave of tariffs around the globe affects prices.

The upshot was that Americans paid higher costs than the federal government collected in tariff revenue.

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“Our findings contain both good and bad news for the American consumer. The good news is that consumer prices for imported wines rose by less than the percentage increase in

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