Empirical studies show that virtually all U.S.import tariffs are "progressive" in that they disproportionately negatively impact upper income groups rather than lower income groups.

Question

Quizplus · Accepted Answer

Most empirical studies find that U.S. import tariffs tend to be "regressive," meaning they disproportionately negatively impact lower income groups rather than upper income groups, as lower income households spend a larger share of their income on goods that are more likely to be imported and subject to tariffs.

Empirical Studies Show That Virtually All U