(The Center Square) – A study from Duke's Department of Economics found that consumers ultimately paid more than the tariff cost on European wines during a 2019–21 trade dispute , a finding that could have significant implications for U.S. consumers as a fresh wave of tariffs around the globe affects prices.

The upshot was that Americans paid higher costs than the federal government collected in tariff revenue.

"Our findings contain both good and bad news for the American consumer. The good news is that consumer prices for imported wines rose by less than the percentage increase in the tariff," Duke Associate Professor of Economics Felix Tintelnot told The Center Square. "The bad news is that our estimates suggest consumer cost increases exceeded the tariff revenue received b

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