Trump Tariffs: Fed Report Claims Consumers Absorb 94% of Tariff Costs
Edited By WION Video Desk
Published: Feb 13, 2026, 20:00 IST | Updated: Feb 13, 2026, 20:00 IST
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As of early 2026, research indicates that U.S. consumers and importing firms bear nearly all (approx. 96%) of the burden of Donald Trump's tariffs, rather than foreign exporters. These tariffs act as a de facto consumption tax, leading to higher prices for Americans, while reducing product variety and volume.
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