Tariffs may permanently raise medical goods costs – NBER study
Research also finds that trade barriers can worsen domestic supply shortages
US tariffs may permanently increase the costs of medical goods in the country, according to research published this month by the National Bureau of Economic Research.
The report’s authors – Manho Kang, Xiangtao Meng, Katheryn Russ and James Waters – say the higher costs of production in wealthier economies, such as the US, could inhibit medical supplies companies from relocating there. Suppliers might only be able to succeed in such markets “under conditions that permanently increase costs of
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