96% of Trump tariffs are being paid by us

“Us” meaning U.S. importers and consumers. I’ve seen where even some progressive commenters have questioned how much damage the Trump tariffs are actually doing, because overall inflation hasn’t spiked. They may have overlooked how even small individual hits add up. There are also indications that importers are no longer in a position to absorb a substantial share of the tariff hits, and that an inflation spike for consumers is on its way. We'll see.

President Donald Trump has long insisted, in the face of decades of research by economists, that foreign producers are the only ones who are paying for his tariffs on imported goods.

However, a major new study released Monday by the Kiel Institute for the World Economy, an economic think tank based in Germany, shows that US businesses and consumers are shouldering the burden for the vast majority of Trump’s tariffs.

After examining more than 25 million shipment records of goods imported to the US last year, the institute found that foreign exporters only absorbed 4% of the $200 billion in tariff payments, with the remaining 96% being passed on to US importers and consumers. - Common Dreams