US Consumers and Businesses Bear the Brunt of Trump's Tariffs

U.S. companies and consumers are bearing the costs of Trump's new import tariffs, with prices for imported goods rising more than domestic ones, contradicting claims that foreign exporters would pay the price. The tariffs have led to a 4% increase in import prices and a 2% rise in domestic product prices, with foreign exporters passing on some costs due to currency depreciation, impacting inflation and trade dynamics.