cross-posted from: https://mander.xyz/post/45812896
Here is the study download: Americaʼs Own Goal: Who Pays the Tariffs? - (pdf)
Contrary to US government rhetoric, the cost of US import tariffs are not borne by foreign exporters. Instead, they hit the American economy itself. Foreign exporters absorb only about 4% of the tariff burden—the remaining 96% is passed through to US buyers.
Using shipment-level data covering over 25 million transactions valued at nearly $4 trillion, we find near-complete pass-through of tariffs to US import prices.
US customs revenue surged by approximately $200 billion in 2025—a tax paid almost entirely by Americans.
Event studies around discrete tariff shocks on Brazil (50%) and India (25–50%) confirm: export prices did not decline. Trade volumes collapsed instead.
Indian export customs data validates our findings: when facing US tariffs, Indian exporters maintained their prices and reduced shipments. They did not “eat” the tariff.



Mmm. It would track if it was agreed upon before the public displays since it feels like these countries are focusing on their respective regions and their countries are part of their regions… Was it always coordinated or was China just dragged into this, I wonder? And will the money reach the community? I’ve seen some videos of Chinese cities, at least historically it seems like it does, while we know this tariff money in America won’t ever reach the average American.