U.S. importers, consumers bear bulk of new tariffs in 2025: study
As much as 94 percent of new tariffs in the first eight months of 2025 was absorbed by U.S. importers and consumers, according to the study. Kenya breaking news | Kenya news today |..
✨ Key Highlights
A new study reveals that tariffs imposed by the Trump administration in 2025 primarily burdened U.S. importers and consumers, rather than foreign exporters.
- Nearly 90 percent of the economic burden from the tariffs fell on U.S. firms and consumers.
- The study was authored by economists from the Federal Reserve Bank of New York and Columbia University.
- The U.S. average tariff rate on imported goods surged from 2.6 percent at the beginning of 2025 to 13 percent by the end of the year.
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US States Sue Trump Administration Over Funding Cuts; Tariffs Burden Consumers Amid Jobless Growth Concerns - February 2026
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