By analyzing $4 trillion of shipments between January 2024 and November 2025, the Kiel Institute researchers found that foreign exporters absorbed only about 4% of the burden of last year’s U.S. tariff increases by lowering their prices, while American consumers and importers absorbed 96%.
We knew from the beginning that he never knew what a tariff even did. He just assumed in his hollow-out head that it meant he could threaten other countries. Then he went to demonstrate how little of intelligence he actually had and wouldn’t you know, he makes everyone he supposedly “leads” suffer because of it.