Americans aren’t paying for all of Trump’s tariffs - only 96% of them, study finds
Fortune • • business
Key Points:
- A study by the Kiel Institute for the World Economy reveals that Americans bear 96% of the costs of tariffs through higher prices on goods, contradicting claims that foreign countries pay these tariffs.
- Since the introduction of tariffs by President Trump in April 2025, export volumes to the U.S. have significantly declined, with exporters redirecting sales to other markets rather than lowering prices.
- Trump has recently escalated trade tensions by imposing tariffs on European countries involved in Greenland training exercises and threatening a 200% tariff on French wine due to political disagreements.
- Despite increased customs revenue from tariffs, the U.S. economy has not seen a boost in manufacturing jobs, which have steadily declined since the tariffs began.
- The Supreme
