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Stock impact report

New York Fed economists confirm that Americans are the ones footing the bill for 90% Trump's tariffs [Fortune]

Procter & Gamble Company (The) (PG) 
Last procter & gamble company (the) earnings: 4/17 07:00 am Check Earnings Report
Company Research Source: Fortune
Recommended Video A Federal Reserve Bank of New York report released Thursday, using data from the U.S. Census Bureau and Foreign Trade Statistics through November 2025, found Americans paid for nearly 90% of the tariffs in 2025, including 94% of the levies from January to August of last year, 92% from September to October, and 86% in November. “Our results show that the bulk of the tariff incidence continues to fall on U.S. firms and consumers,” the economists wrote. Americans “continue to bear the bulk of the economic burden of the high tariffs imposed in 2025.” The report authors—Mary Amiti, Chris Flanagan, Sebastian Heise, and David E. Weinstein—explained in their report that over the course of 2025, average tariff rates quintupled from 2.6% to 13%. If foreign firms were the ones paying for the levies, it would be reflected in those companies having to lower prices in order for them to remain the same on American soil once the taxes were applied. Instead, their data reflect Show less Read more
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