{
  "id": 8273251,
  "title": "Who benefits from tariffs, according to research",
  "url": "https://urgent.news/2026/09/18/who-benefits-from-tariffs-according-to-research",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T17:20:10.000Z",
  "source": {
    "name": "Phys.org",
    "slug": "phys-org",
    "url": "https://phys.org/news/2026-09-benefits-tariffs.html"
  },
  "original_language": "en",
  "account": "The University of Chicago Booth School of Business recently published a study suggesting that tariffs are a tool for redistributing wealth among workers, rather than simply a trade policy mechanism. Led by Prof. Rodrigo Adão, the research team analyzed U.S. data from 2017-2019 and found that tariffs result in financial transfers from service-sector workers to those in tradable sectors. Gains varied significantly by industry and region, with workers in apparel, metals, and vehicle sectors receiving the largest transfers. Lower-income workers generally received smaller benefits. The study also found that lobbying explained about one-fifth of variations in tariff-related gains, but swing-state status did not have a significant impact.",
  "summary": "Tariffs are usually debated as trade policy. But a study from the University of Chicago Booth School of Business treats them as something else: a mechanism for redistributing wealth.",
  "key_points": [
    "Tariffs redistribute wealth from service-sector to tradable-sector workers",
    "Largest gains for apparel, metals, vehicle sectors",
    "Lower-income workers receive smaller benefits"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}