US Edition
Americans 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.
- Last Wednesday, the Federal Reserve Bank of New York published a study using eleven months of trade data showing American firms and consumers paid nearly 90% of 2025 tariffs while the Supreme Court will rule shortly.
- The White House responded that most of the tariff burden did not fall on Americans, despite a study showing a 10% tariff prompted only a 0.6% price cut by foreign exporters and a 94% pass-through rate for January through August.
- The Tax Foundation calculated the average U.S. household paid about $1,000 last year, General Motors took a $1.1b profit hit, and Procter & Gamble raised prices in July.
- A political revolt started on a Thursday when six House Republicans crossed the floor to oppose Canada tariffs, while Walmart warned customers and Trump told Walmart to `EAT THE TARIFFS`.
- The average tariff rate at 16.9% is the highest since 1932, while National Bureau of Economic Research estimated tariffs added 0.7 percentage points to inflation as January 2026 CPI was 2.4% and Q4 economic growth was 3.7%.
14 Articles
14 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 …
Trump card dragon of inflation in America will be attacked but Americans’ pockets will be hit, big revelation made in the report
News India Live, Digital Desk: US President Donald Trump’s decision to impose heavy tariffs (import duties) on foreign goods has given sleepless nights to the global market as well as the American citizens themselves. A recent report has claimed that the worst impact of Trump’s ‘Retaliatory Tariff’ policy is not going to be on China or other countries, but directly on the pockets of American consumers. What is Trump’s new ‘Tariff War’? Under his…
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…
Coverage Details
Bias Distribution
- 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
