Nearly 90% of Trump’s Tariff Costs Fell on US Consumers and Businesses, Says Report

Nearly 90% of Trump’s tariff costs fell on US consumers and businesses, says report

A Federal Reserve Bank of New York analysis reveals that nearly 90% of President Trump's tariff costs are borne by American households and businesses through late 2025.

Americans—Not Foreign Countries—Bore Most 2025 Tariff Costs, Data Reveals

New economic data reports revealed that American consumers and businesses bore the overwhelming share of costs associated with U.S. tariffs imposed in 2025, challenging President Trump‘s assertion that foreign exporters primarily bore the burden. According to the report, the average U.S. tariff on imported goods climbed to roughly 13% in 2025—up sharply from less than […] The post Americans—Not Foreign Countries—Bore Most 2025 Tariff Costs, Data…

Americans Paid Trump's tariffs in 2025

A new economic reality is becoming clearer despite promises that foreign countries would bear the burden of tariffs, A... by cryptictruth