The costs of the Trump tariffs are borne by Americans – Contrary to the claims of the Trump administration, the passthrough rate of the 2025 Trump tariffs into prices were 92%, resulting in higher costs for US consumers and manufacturers who rely on imported inputs, as well as higher inflation.

The costs of the Trump tariffs are borne by Americans – Contrary to the claims of the Trump administration, the passthrough rate of the 2025 Trump tariffs into prices were 92%, resulting in higher costs for US consumers and manufacturers who rely on imported inputs, as well as higher inflation.