Report: Americans pay for 96% of Trump’s foreign tariffs

New research shows Americans are paying almost the entire cost of President Donald Trump’s tariffs, directly challenging the his repeated assertion that foreign nations absorb the burden.

Nearly all tariff costs fall on American importers and consumers, underscoring that Americans – not foreign entities – are covering the expense, according to a report from the Kiel Institute for the World Economy, a German think tank.

“The claim that foreign countries pay these tariffs is a myth,” said Julian Hinz, research director at the Kiel Institute and one of the authors of the study. “The data show the opposite: Americans are footing the bill.”

The Kiel Institute report echoes similar studies conducted in the U.S., and reports from U.S. banks, economists and companies.

“The tariff functions not as a tax on foreign producers, but as a consumption tax on Ame...