Tariffs aren’t slowing down a soaring Long Beach Port, but consumers and businesses feel the pinch
Tariffs aren’t slowing down a soaring Long Beach Port, but consumers and businesses feel the pinch
- February 26, 2026
- Priyaranjan Jha, economics, Long Beach Post, Feb. 26, 2026
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Priyaranjan Jha, an economics professor at UC Irvine, said historically trade policies since 2018 have shown that for every dollar of duty imposed, consumer prices rose by about 90 cents. Even if tariffs are reduced or reversed, and pressure is relieved on importers, consumers shouldn’t expect lower sticker prices right away, he said. “Firms do not always reduce prices as quickly as they raise them, especially if contracts or inventories are involved.”
For the full story, please visit https://lbpost.com/news/business/trade-transportation/tariffs-arent-slowing-down-a-soaring-long-beach-port-but-consumers-and-businesses-feel-the-pinch.
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