Consumers took a big financial hit from two years of trade wars with U.S. trading partners, according to data from the Tariffs Hurt the Heartland campaign.
THH said the tariffs cost consumers $50 billion since February of 2018. For example, in December of last year, Americans paid an extra $6.3 billion in duties, compared to $2.6 billion in December of 2017, just weeks before the trade disputes began to ramp up.
While President Trump has had recent success in partial trade deals with Japan and China among others, THH said work still remains to get things where they should be on the trade front. “Make no mistake, this trade war is as active as it was in December,” said Brian Kuehl, co-executive director of Farmers for Free Trade.