Economists: China tariffs could cost U.S. households $831 a year

Newly increased tariffs on Chinese goods could cost typical U.S. households $831 a year, according to an analysis published this week by the Federal Reserve Bank of New York . Three economists wrote in a blog post on Thursday that their estimate, building on an earlier study of tariffs imposed by the Trump administration, “comprises two components: the first, an added tax burden faced by consumers, and the second, a deadweight or efficiency loss.” This efficiency loss, they write, occurs...