US EditionU.S. tariff costs largely passed to American buyers: Study
A German study shows 96% of Trump tariff costs fall on U.S. importers and consumers, while foreign exporters absorb just 4%, with U.S. customs revenue rising $200 billion in 2025.
- On Monday, the Kiel Institute for the World Economy study found Americans absorbed about 96% of President Donald Trump's tariffs, The Wall Street Journal obtained.
- Although the US government intended the tariffs to target foreign businesses, the policy harmed the domestic economy as Julian Hinz said the $200 billion last year was paid almost exclusively by Americans.
- Using daily Panjiva bill-of-lading data, the research team analysed more than 25 million shipment records valued at almost four trillion US dollars, finding foreign exporters absorbed only about 4% of the tariff burden.
84 Articles
84 Articles
Trump’s tariffs created a staggering tax all Americans must pay, new study reveals
President Donald Trump’s duties on imported goods are paid almost entirely by American importers, their domestic customers and ultimately U.S. consumers, a study from a German think tank concluded.
Decisionism on international dossiers promoted. The tycoon limps on domestic economic events. Waited for the vote test. It seems like a century has passed. Instead, it's only a year. On January 20, 2025, Donald Trump resettled himself in the White House, inheriting a world on fire, marked by the crisis of the international order that emerged from the end of the Cold War and, above all, by the return to vogue of Machtpolitik. In fact, Trump retur…
Study proves Americans and businesses bear cost of Trump's tariffs
President Donald Trump has long insisted, in the face of decades of research by economists, that foreign producers are the only ones who are paying for his tariffs on imported goods.However, a major new study released Monday by the Kiel Institute for the World Economy, an economic think tank based in Germany, shows that US businesses and consumers are shouldering the burden for the vast majority of Trump’s tariffs.After examining more than 25 mi…
US tariffs are paid almost entirely by Americans, a German study finds
A new study from a German think tank found that foreign exporters paid only 4% of the US tariffs, with the rest paid by American buyers.Patrick T. Fallon / AFP via Getty ImagesA Kiel Institute study found US tariffs are mostly paid by American importers and consumers.The study found foreign exporters paid only around 4% of the tariff cost.The research contradicts Trump's messaging that Americans aren't paying for tariffs.A favorite tool of Presi…
New study says American consumer pays all but 4% of tariff costs
Despite the Trump administration’s insistence that foreign nations are bearing the cost of its tariff policy, a new study has reaffirmed what economists had already been saying: Americans are the ones paying for the import tax. A policy report by the German Kiel Institute for the World Economy found that American importers and their customers are paying 96% of Trump’s tariffs, while countries importing the goods only pay 4%. The report comes da…
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