Americans Bear 96% of Trump Tariff Costs, Study Reveals
U.S. businesses and consumers shoulder nearly the entire burden of President Donald Trump's tariffs, according to a Kiel Institute study analyzing 25 million transactions worth $4 trillion. The findings directly contradict WHITE House claims that foreign exporters absorb these costs.
Researchers found tariffs function as a de facto consumption tax, with every dollar of revenue representing a dollar extracted from American households. "This isn't taxation without representation—it's taxation without comprehension," remarked one Wall Street analyst reviewing the data.
The economic implications emerge as trade tensions threaten to escalate, with the administration eyeing new tariffs against Europe. Market observers note such protectionist measures could accelerate institutional interest in cryptocurrency hedges against potential dollar volatility.
