who pays tariffs

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

Fed’s Miran says data suggests Americans aren’t shouldering tariff hit — what he meant and why economists disagree

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Fed’s Miran says data suggests Americans aren’t shouldering tariff hit — what he meant and why economists disagree

By TrenBuzz — Markets & policy Key points Americans aren’t shouldering tariff hit— the short version At a speech in Boston, Fed Governor Stephen Miran pushed back on the dominant narrative that Americans are bearing the full brunt of recent U.S. tariffs, saying the raw data can be misleading and that foreign firms — or … Read more