Who ended up paying for Trump’s tariffs?
Turns out it’s the US companies and US consumers, says the New York Fed…
libertystreeteconomics.newyorkfed.org/2026/02/who-...
libertystreeteconomics.newyorkfed.org
Who Is Paying for the 2025 U.S. Tariffs? - Liberty Street Economics
Over the course of 2025, the average tariff rate on U.S. imports increased from 2.6 to 13 percent. In this blog post, we ask how much of the tariffs were paid by the U.S., using import data through No...