Consumers and businesses paid nearly 90% of Trump tariffs in 2025
loughnane Friday, February 13, 2026
Summary
The article discusses the impact of President Trump's tariffs on consumers and businesses, citing a report from the New York Federal Reserve that finds nearly 90% of the costs of the tariffs are being passed on to consumers and businesses, contradicting the administration's claims that China is bearing the brunt of the costs.
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cbsnews.com