FSU Economics Professor says tariff costs for importers will be transferred to customers – WCTV

Tallahasee, Florida (WCTV) – While the rates for Mexico and Canada have been stopped so far, a professor of Florida State University Economics said tariffs for China and all other countries will influence the US in the future.

Professor Randall Holcomb said that while China importers will pay the tariff in front, this price will simply be transferred to customers by raising prices.

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Holcomb believes that President Donald Trump uses a particular language, saying things like “China will pay for it” to swing in public opinion.

“I think the reason for using this language is that it wants to make tariffs to sound as easy as possible to the American public. It’s not true. The bigger part of the price of the tariff will be handed over to the consumers, “Holcomb said.

Professor Holkomb will monitor the cost of the food store and the pump costs. He said that we would feel the most impact of tariffs there.

“Usually trade reasons are given economic reasons. And in this case, President Trump is looking to use these tariffs as a hammer to try to get discounts in other areas of politics, “he said.

Ryan Ray, the leader of the Democratic Party of Leon County, said he was also worried that Canadians could stop visiting or spending winters in Florida because of White House policies aimed at Canadian goods.

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