"American consumers pay 96 cents for every dollar collected in tariffs [View all]

New Fed report on Trump’s tariffs confirms what most economists warned about

President Donald Trump's tariffs were proposed as a way to collect high revenue on imports into the U.S. from exporters abroad. It was even suggested that the money collected through them could be distributed to Americans as a $2,000 payout. But as of now, the tariffs are significantly impacting American consumers, who are burdened by rising prices amid lower pay.

Earlier, a German think tank's analysis revealed that American consumers pay 96 cents for every dollar collected in tariffs. While Trump claims that inflation has been defeated and the economy is booming, rising prices of essentials tell another story. This has been proved by a recent research by the Federal Reserve Bank of New York. "Nearly 90% of the economic burden is borne by American businesses and consumers, with the average U.S. tariff on imports rising to 13% in 2025 from less than 3%," the study noted.

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www.msn.com/en-us/money/markets/new-fed-report-on-trump-s-tariffs-confirms-what-most-economists-warned-about/ar-AA1WfRc9?ocid=msedgdhp&pc=U531&cvid=698f0494906144cb83415c977d3fbf58&ei=23