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%.
Thank you captain obvious. Why do we have to do studies into things everyone already knows, when Trump doesn’t understand something and spreads bullshit? We know what tariffs are. Looking up the meaning of the word in a thesaurus I wouldn’t call “research”.