Americans paid 96% of 2025 tariff burden, study finds

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A major agenda item for President Trump's second term has been tariffs. The president has used levies against countries that have opposed his economic or national security priorities. A new study by economists at the Kiel Institute for the World Economy shows how much revenue the tariffs have generated over the last year and who paid for them.

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Americans paid 96% of 2025 tariff burden, study finds

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