Tariff Costs Primarily Burden US Consumers

New data from the European Central Bank (ECB) indicates that U.S. consumers and importers are disproportionately bearing the financial impact of tariffs. The ECB's Economic Bulletin highlights that despite tariffs reshaping global trade dynamics, the economic burden falls predominantly on domestic entities. This suggests that the intended beneficiaries of such trade policies may not be realizing the full economic advantages, while consumers face higher prices and importers grapple with increased operational costs. The findings challenge the conventional understanding of tariff effectiveness and their ultimate economic consequences.