Trump tariffs rake in big money, but who is paying?

  • Posted on August 1, 2025
  • By Business News Today
  • 1 Views
Trump tariffs rake in big money, but who is paying?

President Trump's tariffs, imposed on numerous countries, have significantly increased US tariff revenue, surpassing $100 billion this fiscal year. While American importers technically pay these tariffs, the costs are often passed on to consumers through higher prices. This impacts foreign exporters by making their products less competitive and disrupting global supply chains, despite the US government collecting increased revenue.
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