Americans aren’t paying for all of Trump’s tariffs — only 96% of them, study finds

A woman looks at different products in a grocery store. (Credit: Laura Olivas—Getty Images)

After nearly a year of promises that tariffs would boost the U.S. economy while other countries footed the bill, a new study shows almost all of the tariff burden is falling on American consumers. 

Americans are paying 96% of the cost of tariffs as prices for goods rise, according to research published Monday by the Kiel Institute for the World Economy, a German think tank.