User login


Study: KORUS termination would cost U.S. consumers $4.6 billion annually

August 16, 2018 at 8:56 AM
If the U.S.-Korea Free Trade Agreement is terminated, U.S. households would face a consumption tax of $4.6 billion annually, according to a report to be released on Thursday. “We find that ending the KORUS-FTA would cost U.S. consumers $4.6 billion annually and $22.8 billion over five years,” said Paul Bachman, director of research at the Beacon Hill Institute – a Boston-based free market think tank – and a contributor to the report. The report, which was commissioned by the National...

Not a subscriber? Sign up for 30 days free access to exclusive, behind-the-scenes reporting on trade policy in the Trump administration.