Despite a sharp rise in U.S. tariffs under President Donald Trump, the economy has continued to grow, surprising economists and reshaping views of trade policy's impact.

94% of the burden of these tariffs fell on Americans between January and August, 92% in September and October, and 86% in November.

The Consumer Price Index (CPI) increased by 2.4% through January, marking a decline from December's 2.7% and the slowest rise since May 2025. While energy prices fell sharply and rent increases slowed,

If you were wondering who is paying for Donald Trump's sweeping import taxes he imposed last year, look in the mirror: nearly every penny comes out of the pockets of U.S. consumers in the end.

Tariffs introduced by President Donald Trump are expected to substantially boost federal tax revenues, even as they weigh on overall U.S. economic growth. A report by the Tax Foundation, published last Friday,

Consumer prices could climb higher as more of President Donald Trump's tariffs are implemented, according to new research. A National Bureau of Economic Research paper finds that nearly the entire tariff burden is passed on in the form of higher prices,

To read this article with full citations, please visit taxnotes.com. Politicians talk a lot about tariffs, and much of what they say boils down to a simple question: Who pays? President Trump has insisted repeatedly that foreign countries will foot the ...