trade policy

Costs from Trump’s tariffs paid mainly by US firms and consumers, New York Fed says

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Costs from Trump's tariffs paid mainly by US firms and consumers, New York Fed says

Key points What the study actually did — plain language The report, by staff economists at the Federal Reserve Bank of New York and a co-author at Columbia, used monthly trade and price data through November 2025 to compare changes in foreign exporters’ prices with changes in U.S. tariff rates for specific goods. The method … Read more

Trump tariffs leave importers with record-breaking $3.5 billion U.S. Customs bond funding shortfall

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Trump tariffs leave importers with record-breaking $3.5 billion U.S. Customs bond funding shortfall

Key points Why this matters (1-minute explainer) When importers bring goods into the United States, they must have a customs bond that guarantees payment of duties, fees and other liabilities. Recent Trump tariffs increases tied to the Trump administration’s trade policy raised the dollar value of duties importers owe — and because CBP calculates continuous … Read more