President Donald Trump Forces Americans to Pay 90% of His Tariffs, NY Fed Report Finds

President Donald Trump Forces Americans to Pay 90% of His Tariffs, NY Fed Report Finds

13 February, 20262 sources compared
Business

Key Points from 2 News Sources

  1. 1

    Americans bear about 90% of imposed tariffs

  2. 2

    Tariffs raised import prices for US companies and consumers

  3. 3

    New York Fed report rebuts administration claim tariffs were paid abroad

Full Analysis Summary

2025 U.S. tariff effects

Researchers at the Federal Reserve Bank of New York found that U.S. tariffs imposed in 2025 sharply raised average import tariffs from 2.6% at the start of the year to roughly 13%.

The researchers found U.S. firms absorbed about 90% of the increased costs and passed much of the burden onto American businesses and consumers because exporters largely kept prices steady instead of cutting them.

The Fed said this pattern mirrored what happened after tariffs in 2018.

Sources cited below show the Fed’s findings and related context.

Coverage Differences

Missed Information

BBC (Western Mainstream) reports the New York Fed’s numerical findings and links them to past 2018 tariff effects; KFGO (Local Western) did not provide an article text and therefore offers no independent local coverage or reaction to the report, which is a notable omission.

Tariff pass-through effects

The economic mechanism the Fed describes is one of near-complete pass-through: instead of exporters reducing export prices to offset tariffs and preserve demand, they largely maintained their prices, and U.S. importers and retailers raised consumer prices accordingly.

Independent studies mentioned in the BBC report — from the Kiel Institute and the National Bureau of Economic Research — found similar results.

The Fed’s data suggest trade volumes fell rather than exporters absorbing the cost through lower prices.

Coverage Differences

Narrative Framing

BBC frames the story as empirical economic impact drawing on the Fed and academic studies (Kiel, NBER) to show pass-through and declining trade volumes, while KFGO offers no content to provide a local framing or alternative narrative; the absence means we cannot compare how a local outlet might emphasize consumer pain, business margins, or political accountability.

Tariff burden findings

The distributional effect is clear in the Fed’s findings as reported by the BBC: U.S. companies and shoppers shouldered the lion’s share of the tariff burden, since firms absorbed about 90% of the increased costs and retailers passed on higher import prices to consumers.

The BBC explicitly ties these outcomes to the 2025 tariff actions and compares the pattern to 2018; however, the BBC article does not, in the quoted snippet, name the policymaker or administration responsible for imposing the 2025 tariffs.

Coverage Differences

Contradiction/Attribution

The user’s headline names “President Donald Trump” as forcing Americans to pay the tariffs, but the BBC excerpt describes "U.S. tariffs imposed in 2025" without explicitly attributing them to a named official or administration in the provided text; KFGO provides no article text to confirm or refute any attribution. Therefore, attributing responsibility to a specific individual (e.g., Trump) would be an assumption not supported by the supplied sources.

Assessment and next steps

Based only on the provided sources, the clearest, well-supported claims are the Fed's numerical findings and the chain of pass-through to U.S. import prices and consumers.

What remains uncertain or unverified in the supplied material is explicit attribution of policy authorship, political reaction, and local impact coverage.

KFGO's submission indicates no article text was provided, so we lack a local outlet's reporting.

Other source types (Western Alternative, West Asian, etc.) are not present among the supplied material, so cross-perspective differences cannot be fully analyzed without additional articles.

Please supply the full KFGO article or other distinct sources if you want a 4–6 paragraph piece that meets your requirement for multiple-source citations per paragraph and cross-type comparisons.

Coverage Differences

Missed Perspectives

BBC (Western Mainstream) provides Fed data and mentions academic studies; KFGO (Local Western) provided no article text. The absence of other source types (Western Alternative, West Asian, etc.) prevents a fuller multi-perspective comparison and means we cannot attribute actions to specific political actors beyond what the BBC text supplies.

All 2 Sources Compared

BBC

Costs from Trump's tariffs paid mainly by US firms and consumers, NY Fed says

Read Original

KFGO

NY Fed report says Americans pay for almost all of Trump’s tariffs

Read Original