Study of Wine Tariffs
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.
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.
This finding could have significant implications for U.S. consumers as a fresh wave of tariffs around the globe affects prices.
Author's summary: Consumers pay more due to wine tariffs.