Wine tariffs shows consumers will pick up part of Trump's tab

(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.