American businesses paid an "unprecedented" $4.4 billion in tariffs in September 2018, according to data collected from Tariffs Hurt the Heartland, a nationwide campaign against tariffs.
The tariffs businesses paid in September represent a 54% increase compared to September 2017, although the total value of imports increased by just 10%.
Retaliatory tariffs imposed by other nations are affecting exports from American businesses too. In September 2018, exports of products subject to retaliatory tariffs dropped 26% year over year.
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