US tariffs are paid almost entirely by Americans, a German study finds

A new study from a German think tank found that foreign exporters paid only 4% of the US tariffs, with the rest paid by American buyers.

Patrick T. Fallon / AFP via Getty Images

• A Kiel Institute study found US tariffs are mostly paid by American importers and consumers.
• The study found foreign exporters paid only around 4% of the tariff cost.
• The research contradicts Trump's messaging that Americans aren't paying for tariffs.

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