Tariff Rises: US Consumers Gradually Bearing Costs

Economic evidence shows that US companies and consumers are bearing the costs of the tariffs imposed by the Trump administration. Despite President Donald Trump’s claims that foreign countries and international companies are absorbing the costs of US tariff policy, data shows that American consumers and companies are paying the price for the tariffs that the White House has implemented as its main policy tool. Recent economic data, academic research, business expenses, and first-hand experiences are all pointing towards companies and American consumers facing increasingly high costs due to the tariffs.