• Linkdin
Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow
         Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

US tariffs on PRC paid almost fully by US importers: IMF

28 May '19
1 min read

US firms are paying almost all the cost of President Donald Trump’s tariffs on Chinese imports, say researchers at the International Monetary Fund (IMF), whose findings contradict Trump’s assertions that China is footing the bill. Some such tariffs have been passed on to US consumers, while others have been absorbed by importing firms through lower profit margins.

The IMF paper concludes what most private economists have argued for months: that China does not pay US tariffs, American consumers and companies do.

Co-written by IMF chief economist Gita Gopinath, the paper says a trade war that escalates with all the threatened tariffs will subtract about a third of a percentage point of from global gross domestic product (GDP), “with half stemming from business and market confidence effects,” according to a recent IMF blog post.

“This type of scenario is among the reasons why we referred to 2019 as a delicate year for the global economy,” the IMF economists wrote. (DS)

Fibre2Fashion News Desk – India

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search