Fact-check: The article accurately summarizes the NBER Working Paper #34915 'The Economics of Tariffs' by Ralph Ossa and Stephen J. Redding, published recently and confirmed via web search. Real-time X posts from reputable accounts like @int_mon_econ and @robinhanson directly quote and discuss the paper's key claims about U.S. tariffs being absorbed by American importers/consumers and causing supply chain shifts away from China, with no contradictions found. NBER is a highly reliable source, and the claims align with established economic research on tariff incidence.
The Economics of Tariffs -- by Ralph Ossa, Stephen J. Redding
An economic analysis of tariff policy examines how tariffs function as a tax on international trade, distorting prices for domestic consumers and producers. The research highlights that recent waves of U.S. tariffs have largely been absorbed by American importers, wholesalers, retailers, and consumers rather than foreign exporters. The tariffs have triggered a significant reorganization of U.S. supply chains away from China toward third countries, though indirect exposure to China persists throu