Who Pays for Tariffs? New Economic Research Challenges Conventional Wisdom on the 2025 Trade Policies
By Tax Foundation Analysis Desk The debate over who ultimately bears the financial burden of international trade barriers has long divided economists, policymakers, and business leaders. Conventional economic modeling has frequently suggested that when the United States imposes tariffs on foreign goods, the domestic economy pays the overwhelming price—often calculated as a near-complete pass-through to…
