Tariffs Catch-All

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🎁 —> https://www.wsj.com/opinion/donald-...c?st=u1r6Rg&reflink=desktopwebshare_permalink

“… On Thursday it was the New York Federal Reserve’s turn. In an analysis on the bank’s website, four researchers write that last year “nearly 90 percent of the tariffs’ economic burden fell on U.S. firms and consumers.”

They reach that conclusion by examining import data, to see whether foreign suppliers cut their prices in response to Mr. Trump’s added tariff costs. Over the first eight months of 2025, “94 percent of the tariff incidence was borne by the U.S.,” the analysis says, meaning “a 10 percent tariff caused only a 0.6 percentage point decline in foreign export prices.”

This outcome drifted as the year wore on, but only slightly: The figures for November suggest the tariffs had “an 86 percent pass-through to U.S. import prices,” the researchers say. “Our results show that the bulk of the tariff incidence continues to fall on U.S. firms and consumers. These findings are consistent with two other studies that report high pass-through of tariffs to U.S. import prices.”

This is a problem for both shoppers and Republicans, including Mr. Trump. Even if tariffs aren’t generally inflationary, they’re taxes that can push up prices on specific imported items, as well as on the products of the protected domestic competitors. Recent inflation reports, including the one that came out Friday, show some notable jumps, such as for furniture and bedding, which in January was up 4%, year over year.…”
 
nycfan said:
Not sure if Trump is promoting a large one month drop in the trade deficit in October or if he got a preview of the next trade deficit report due tomorrow morning and is prematurely publishing it.
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Also, the October numbers are completely unreliable because of the shutdown, if I remember correctly.
 
nycfan said:


🎁 —> https://www.wsj.com/opinion/donald-...c?st=u1r6Rg&reflink=desktopwebshare_permalink

“… On Thursday it was the New York Federal Reserve’s turn. In an analysis on the bank’s website, four researchers write that last year “nearly 90 percent of the tariffs’ economic burden fell on U.S. firms and consumers.”

They reach that conclusion by examining import data, to see whether foreign suppliers cut their prices in response to Mr. Trump’s added tariff costs. Over the first eight months of 2025, “94 percent of the tariff incidence was borne by the U.S.,” the analysis says, meaning “a 10 percent tariff caused only a 0.6 percentage point decline in foreign export prices.”

This outcome drifted as the year wore on, but only slightly: The figures for November suggest the tariffs had “an 86 percent pass-through to U.S. import prices,” the researchers say. “Our results show that the bulk of the tariff incidence continues to fall on U.S. firms and consumers. These findings are consistent with two other studies that report high pass-through of tariffs to U.S. import prices.”

This is a problem for both shoppers and Republicans, including Mr. Trump. Even if tariffs aren’t generally inflationary, they’re taxes that can push up prices on specific imported items, as well as on the products of the protected domestic competitors. Recent inflation reports, including the one that came out Friday, show some notable jumps, such as for furniture and bedding, which in January was up 4%, year over year.…”
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Tax and spend Republicans.
 


“…experts immediately said [the October drop] was going to be temporary because it was related to short-term fluctuations in gold and pharma trade…and indeed, the November trade deficit was 95% higher than October’s. The December and full-2025 figures will be out [Thursday] morning”
 
nycfan said:


“…experts immediately said [the October drop] was going to be temporary because it was related to short-term fluctuations in gold and pharma trade…and indeed, the November trade deficit was 95% higher than October’s. The December and full-2025 figures will be out [Thursday] morning”
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Hard to believe Trump voters actually trust this guy - both an idiot and a liar (he has to lie to cover up his idiotic decisions) - to be a good steward of the economy.
 
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