US EditionAmericans Paying Bulk of Trump's Tariffs as Ruling Awaits
Studies show tariffs raised retail prices by over 90%, with an average tariff rate of 16.9%, impacting consumer costs and corporate profits ahead of a key Supreme Court ruling.
- The Federal Reserve Bank of New York's study shows American firms and consumers paid for nearly 90% of the 2025 tariffs, based on eleven months of US Census trade data published Wednesday.
- With the average tariff rate at 16.9%, a 10% tariff prompted foreign exporters to lower prices by just 0.6%, shifting most costs to U.S. buyers.
- A National Bureau of Economic Research paper found tariffs added 0.7 percentage points to inflation, while the nonpartisan Tax Foundation estimated the average US household paid about $1,000 last year, rising to $1,300 in 2026.
- By Thursday evening, six House Republicans crossed the floor to oppose the Canada tariffs, while Trump told Walmart to `EAT THE TARIFFS` and Walmart warned customers to brace.
- The Supreme Court is expected to rule shortly on presidential tariff authority, while the Kiel Institute calculated 96% of the burden fell on American buyers and living room and dining furniture prices rose 9.5% year-over-year.
13 Articles
13 Articles
Trump Tariffs 2025: Report Says Americans Paid Most of the Cost
Tariffs are taxes. That sentence shouldn't need saying, but here we are. Last Wednesday the Federal Reserve Bank of New York published a study using eleven months of US Census trade data, and the conclusion was about as gentle as a brick through a window. American firms and consumers paid for nearly 90% of the tariffs imposed in 2025. Not foreign governments. Not Chinese exporters quietly eating the cost. Americans, at the checkout, paying more …
Who really pays for U.S. tariffs?
U.S. President Donald Trump delivers remarks on “reciprocal tariffs” at the Rose Garden of the White House in Washington, D.C., the United States, on April 2, 2025. (Xinhua/Hu Yousong) WASHINGTON,the United States | Xinhua | When U.S. President Donald Trump unveiled his sweeping tariff package in 2025, he framed it as a cost to be borne by foreign exporters and governments. Ten months later, the tariffs remain in force. By September 2025, the tr…
Americans Paying 90% Of Trump's Tariffs One Year Later, New Data Shows
American consumers and companies are paying the vast majority of President Donald Trump's tariffs despite his claims that foreign countries would be responsible for the rising costs, according to new federal studies.US businesses and shoppers are responsible for nearly 90% of the economic burden from Trump's sweeping duties, according to new analysis from the Federal Reserve Bank of New York. In 2025, the average tariff rate on U.S. imports jump…
The lag between loud tariff headlines and quiet price increases for American businesses and consumers.
Early last year, the drama around tariffs dominated news headlines, market predictions, and interactions between the US and our allies. Yet for most Americans, daily life went on with little obvious impact on prices for goods. At least not right away.The costs arrived later, with little fanfare.President Trump raised average U.S. tariffs to about 17 percent, the highest level since 1932 following the Smoot-Hawley Tariff Act. His stated goal was …
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