U.S. consumers shouldered the cost, and then some, of the Trump administration's 2018 tariffs on washing-machine makers, research shows. All told, the research shows, U.S. consumers are spending an additional $1.5 billion a year on washers and dryers as a result of the tariffs. If the tariffs cost $82 million but consumers are paying $1.5 billion, where’s the rest of that money going? But at a total cost to consumers of about $1.5 billion, that works out to approximately $815,000 for every new job created. That figure is roughly in line with other estimates on the per-job cost of tariffs in other industries.

Source: Washington Post April 23, 2019 17:28 UTC