U.S. Consumers Paying Most of Trump Tariffs

“Americans are set to pay more than half of President Donald Trump’s tariff costs as companies raise prices, according to economists of Goldman Sachs Group,” Bloomberg reports.

“US consumers will likely shoulder 55% of tariff costs by the end of the year, with American companies taking on 22%… Foreign exporters would absorb 18% of tariff costs by cutting prices for goods, while 5% would be evaded.”