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%.
Trump to Europe today/yesterday: Let me take Greenland or I’ll tax my own population even harder!! Join my board of “peace” or my citizens are getting a tax increase! That will show you!