4 ms·

Consumers and businesses paid nearly 90% of Trump tariffs in 2025

• magicalhippo 8mo ago
  Which isn't a huge surprise given that's exactly what tariffs are designed to do...
  • jqpabc123 8mo ago
    No surprise either that this does not necessarily translate into an advantage for US business and consumers.
• jfengel 8mo ago
  Of course they did. The surprising part is that it hasn't resulted in more inflation. We just got new figures; inflation was 2.4% last month. For all of 2025, inflation was 2.7%. Those aren't great numbers, of course, but they're not a crisis. It's actually slightly less than the 2.9% for 2024. (Admittedly, a number that was treated as a crisis at the time.) TFA says a total of $285 billion was collected -- almost $1,000 per person. That's not a number that just gets lost in the wash. So why isn't it showing up in other numbers?
  • jqpabc123 8mo ago
    So why isn't it showing up in other numbers? Possibly because the numbers are being cooked by a political appointee.
    • jfengel 8mo ago
      It's entirely possible. I haven't heard concrete accusations of them messing with these numbers, but they're clearly doing it with other numbers.
• cjbenedikt 8mo ago
  A tax in but the name.
• burnt-resistor 8mo ago
  Stealth federal sales tax.