Monday, January 19, 2026 at 3:27 PM
A study from the Kiel Institute reveals that nearly all costs of U.S. tariffs are borne by American importers and consumers, contradicting President Trump's assertion that foreigners are responsible for the tariff burden.
New research contradicts President Trump’s claim that foreigners are footing the bill.
The president warned of 100% tariffs on Canadian goods if the North American neighbor “makes a deal with China.”
The EU could implement a currently suspended package of tariffs on some $108 billion of U.S. goods a year.
The move risks upending a landmark trade deal the U.S. president reached with the European Union last year.
