President Trump Says His Tariffs Aren’t Paid by Americans. Corporations Are Indicating the Opposite.

President Trump Says His Tariffs Aren’t Paid by Americans. Corporations Are Indicating the Opposite.

President Donald Trump has repeatedly and erroneously claimed that foreign governments are paying the entirety of his tariffs. While foreign exporters do pay a small fraction of tariffs, the truth is that the president’s broad-based tariffs essentially function as a tax on U.S. importers, and corporations have shifted most of the responsibility of paying tariffs onto American consumers through higher prices. The inflationary reality of tariffs f…

Households Have Shelled Out $1,200 Each on Tariff Costs Since Trump Took Office, Democrats Say

The impacts of President Donald Trump’s sweeping tariffs on American consumers aren’t just theoretical anymore—they’re tangible.

Tariffs Add $1,200 in Costs to the Average U.S. Household, New Analysis Shows

Sweeping import taxes implemented since President Donald Trump returned to the White House are costing the average U.S. household nearly $1,200, according to a new assessment from congressional Democrats. The analysis, based on Treasury Department revenue data and Goldman Sachs’ estimates of cost pass-through, underscores how sharply tariff policy has shifted in Trump’s second term, and how those costs are filtering directly into consumer prices…