U.S. Consumers Bear Over Half of $1.2 Trillion Tariff Costs, S&P Reports
TL;DR Summary
An S&P Global report estimates that President Trump's tariffs will cost companies and consumers around $1.2 trillion in 2025, with most of the burden falling on consumers through higher prices, especially affecting lower- and middle-income households, while corporate profits decline and output decreases.
- S&P analysis of 9,000 companies worldwide finds the real cost of tariffs and other corporate costs: $1.2 trillion Fortune
- Tariff costs to companies this year to hit $1.2 trillion, with consumers taking most of the hit, S&P says CNBC
- Study: Tariffs to cost companies $1.2T this year, mostly hitting consumers Axios
- How the United States is eating Trump's tariffs Reuters
- U.S. consumers bearing more than half the cost of tariffs so far, Goldman Sachs says NBC News
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