Remix.run Logo
thinkcontext a day ago

The $130B is only part of the economic costs of the tariffs. Many companies and people changed their buying behavior, either paying more to a domestic company or maybe a company in a country with a lower tariff rate or changed their behavior to not require an item all together. We've also heard about small companies that have gone out of business.

I'm not an economist but I assume economists are writing papers about this kind of thing to estimate the effects.