New Analysis Finds U.S. Consumers and Businesses Bore Most Trump Tariffs in 2025

New Analysis Finds U.S. Consumers and Businesses

New Analysis Finds U.S. Consumers and Businesses : A new report from the Federal Reserve Bank of New York finds that American consumers and businesses absorbed the vast majority of tariffs imposed in 2025. The analysis challenges claims that foreign exporters paid most of the costs and instead concludes that nearly 90% of the economic … Read more