Video still · Tomás at his workbench holding a steel quote
Our steel quote went up the week it was announced.
3:05 / 8:15· Who actually pays the tariff
Global trade · Explainer
How a Tariff Reaches Your Shopping Basket
8:15 · Sat, Sep 26 · Captions: English, SpanishAbout this video
Tomás runs a small fabrication shop. He walks you through one steel order, from the supplier’s quote to the price his customers paid, to show who ends up paying an import tariff.
Press T for theatre mode, C for captions, J and L to skip 10 seconds.Sources
31Paper · 2019The Impact of the 2018 Tariffs on Prices and WelfareAmiti, Redding and Weinstein, Journal of Economic PerspectivesFound close to full pass-through of the 2018 US tariffs into the prices US buyers paid for imports.
2Paper · 2020The Production Relocation and Price Effects of US Trade Policy: The Case of Washing MachinesFlaaen, Hortaçsu and Tintelnot, American Economic ReviewAfter 2018 tariffs on imported washing machines, domestic washer prices rose too, and so did dryers, which carried no tariff.