Скачать или смотреть New Study Says Americans Are the Ones Paying for Tariffs, Not “Foreigners”

Americans, not foreigners, are paying nearly all the cost of U.S. tariffs, according to a new German study. The data undercuts President Trump’s repeated claims that foreign exporters will foot the bill.

There was a $200 billion increase in U.S. tariff revenue last year. The researchers say 96% of those U.S. tariff costs are being absorbed by American consumers and businesses, meaning Americans paid at least $192 billion extra for goods coming from overseas than in the year before.

The Budget Lab at Yale and economists at Harvard have reached similar conclusions.

Yale estimates that 60–80% of new tariffs end up hitting consumers through higher prices, while businesses absorb the rest.

Trump has used tariffs as foreign-policy leverage, recently threatening to slap new tariffs on imports from European allies because they haven’t supported Trump’s interest in Greenland. It comes as Americans now face an average effective tariff rate of more than 14%, the highest since 1934.

Julian Hinz, a co-author of the study, told @wsj that exporters could absorb more of the costs if U.S. companies find alternative suppliers — essentially, creating competition.

Over time, Hinz expects the tariffs to push U.S. inflation higher. Inflation held at 2.7% in December, remaining above the Federal Reserve’s 2% target.

The Supreme Court is set to rule this term on whether Trump’s tariffs are even legal for the president and executive branch to impose tariffs, something the Constitution says is Congress’s job.