In the Department of the Bloody Obvious
NY Fed report says Americans pay for almost all of Trump's tariffs
A Federal Reserve Bank of New York report shows Americans paid nearly 90% of Trump’s tariff costs in 2025 as import tax rates rose from 2.6% to 13%.
On February 12, 2026 the Federal Reserve Bank of New York said Americans bore 90% of President Donald Trump's tariffs.
Study authors noted average tariffs climbed from 2.6% to 13% during 2025, pushing back against the Trump administration's claim that foreigners would pay the levies.
Authors reported pass-through rates showing Americans absorbed 94% of tariffs last year from January–August, easing to 92% in September–October and 86% in November, with past work finding 100% pass-through by foreign exporters.
Federal Reserve officials say higher tariffs raised the cost of imported goods, complicating interest-rate decisions and increasing prices for U.S. consumers and businesses.
The Supreme Court is set to rule on the legality of many of President Donald Trump's tariffs, which officials say impacts may wane but cost-of-living effects could persist.
sister_sam
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2026-02-13 07:35:38 CET
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npub1uqmy9zln20k7xv7pc58jk2j89gau505pmf3jkum8qv4lt0m3kl2qz8xggfPublished at
2026-02-13 07:35:38 CETEvent JSON
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"content": "In the Department of the Bloody Obvious\n\nNY Fed report says Americans pay for almost all of Trump's tariffs\nA Federal Reserve Bank of New York report shows Americans paid nearly 90% of Trump’s tariff costs in 2025 as import tax rates rose from 2.6% to 13%.\n\n On February 12, 2026 the Federal Reserve Bank of New York said Americans bore 90% of President Donald Trump's tariffs.\n Study authors noted average tariffs climbed from 2.6% to 13% during 2025, pushing back against the Trump administration's claim that foreigners would pay the levies.\n Authors reported pass-through rates showing Americans absorbed 94% of tariffs last year from January–August, easing to 92% in September–October and 86% in November, with past work finding 100% pass-through by foreign exporters.\n Federal Reserve officials say higher tariffs raised the cost of imported goods, complicating interest-rate decisions and increasing prices for U.S. consumers and businesses.\n The Supreme Court is set to rule on the legality of many of President Donald Trump's tariffs, which officials say impacts may wane but cost-of-living effects could persist.",
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