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Bank of Finland experts write blogs on topical issues in the economy.
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Who’ll pay Trump’s tariffs?

Incoming American president Donald Trump campaigned on a promise to impose additional tariffs on US imports as a way to reduce the country’s current account deficit and boost domestic production. Initially, the proposal was for a 10% tariff, but later Trump has talked about a 20% tariff. In addition, tariffs on China would be at least 60%. Who eats the costs of such tariffs?

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