A new study from the Kiel Institute for the World Economy found that Americans bore 96 percent of the costs incurred by President Trump’s tariffs last year. The study, which analyzed

“Foreign exporters absorb only about 4% of the tariff burden—the remaining 96% is passed through to U.S. buyers,” the authors of the research wrote in a study, which analyzed $4 trillion of shipments between January 2024 and November 2025.

New research shows Americans are paying almost the entire cost of President Donald Trump's tariffs, directly challenging his repeated assertion that foreign nations absorb the burden. Nearly all tariff costs fall on American importers and consumers,

President Donald Trump has once again drawn his go-to diplomatic weapon — tariffs — to coerce the Iranian government to end its bloody crackdown on nationwide protests.

AbbVie reached a deal with the Trump administration on drug prices in exchange for being exempted from tariffs and future price mandates.

Gold rose on Wednesday as tensions between the U.S. and Europe simmered over President Trump’s renewed push to take over Greenland.