Studies Show U.S. Consumers Bear Most Costs of Trump-Era Tariffs on Europe

Recent research indicates that U.S. tariffs, including those imposed by President Trump on several European countries, primarily increase costs for American consumers rather than foreign exporters. While tariffs aim to boost domestic revenue and reduce trade deficits, studies from the Kiel Institute and U.S. universities show that about 96% of tariff costs are passed to U.S. consumers through higher prices. These tariffs have also contributed to reduced trade volumes and declining exports from countries like Germany, highlighting complex economic impacts on both sides.