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The pass-through of tariffs into domestic prices
Recent U.S. tariff expansions in 2025 have raised consumer prices measurably and altered import volumes: studies and agency estimates show short‑run price-level increases on the order of roughly 0.9–2...
have surged since 2024 and are now generating tens to hundreds of billions annually for the federal government — estimates for 2026 range from roughly $191 billion to $323 billion depending on the mod...
Evidence on whether foreign exporters absorbed any of the is mixed: high-frequency import-price data and several empirical studies point to little foreign incidence so far, but official projections an...
Yes — Americans generally pay for tariffs in economic terms: while importers legally remit duties to customs, a large body of recent empirical work concludes that U.S. importers, U.S. firms and ultima...
Independent academic and central‑bank analyses conclude that U.S. tariffs since 2018 raised import and retail prices in a measurable way — in many studies the costs were largely borne by U.S. importer...