Exporters to US paying only 5% of Trump’s tariffs – ECB research
Data shows stateside consumers bearing brunt of costs from levies on imports
New research from the European Central Bank shows exporters are passing on most of the costs of president Donald Trump’s tariffs to US consumers.
In a bulletin published today (March 30), authors Stefan Schaefer, Lisa Gerland and Marcel Tirpák show that a 10% increase in the levies implies a 9.5% increase in prices for US consumers.
They note that although the pass-through is “significantly lower when looking at specific factors”, there were no major differences between the US’s largest trading
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