Study Finds Americans Shouldered $200 Billion in Tariff Costs
A review of $4 trillion in shipments shows U.S. citizens and importers bore 96% of tariffs between 2024 and 2025, with foreign exporters covering just 4%.
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Terms & Concepts
Tariff: A tax imposed by a government on imported goods, often raising prices for consumers.
Importer: An individual or company that brings goods into a country from abroad for sale.
Shipment: A batch of goods transported from one place to another, often across countries.