Recent research reveals that American consumers and companies are responsible for approximately 90% of the price pressures arising from tariffs imposed by President Donald Trump, with implications extending until November 2025. Experts had previously warned that these tariffs would significantly impact domestic prices. Contrary to Trump's assertions that foreign companies would absorb these costs, the findings indicate a different reality, raising questions about the accuracy of the previous claims made by the administration.

President Trump has frequently claimed that the tariffs would not be borne by Americans, suggesting that foreign businesses would lower prices to maintain access to the U.S. market. In an opinion piece published in The Wall Street Journal, Trump pointed out instances where foreign companies have absorbed duties in similar situations. However, the new data suggests that this has not been a widespread occurrence. The research underscores the disconnect between the administration's expectations and the actual economic impact on American consumers.

This findings come at a crucial time as the U.S. grapples with various economic challenges, including inflation and supply chain disruptions exacerbated by the pandemic. Understanding the real burden of tariffs on American consumers is vital for policymakers as they consider future trade strategies and their implications on economic recovery. As the deadline of November 2025 approaches, there will be increasing scrutiny on how these tariffs have affected both prices and consumer behavior in the United States.