By analyzing $4 trillion of shipments between January 2024 and November 2025, the Kiel Institute researchers found that foreign exporters absorbed only about 4% of the burden of last year’s U.S. tariff increases by lowering their prices, while American consumers and importers absorbed 96%.
Next you’re gonna tell me they weren’t even EaTiNg ThE cAtS aNd DoGs Of ThE pEoPlE wHo LiVeD tHeRe either!