re: Study finds that foreign firms paid 4% of tariff burden in 2025, while Americans ate 96%

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Tariffs have had very little effect on inflation.

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Inflation is the worst way to try to assess the impact of the tariffs.

First of all, inflation tracks rates of change, not overall change.

Tariffs could double the price of a certain good overnight and as long as the new price stayed stable, it would not show up as 100% inflation. (Well, it would for one day, but would have a much smaller effect on the inflation number over time).

Because tariffs tend to raise prices suddenly and also stabilize them suddenly, their effects are largely hidden by inflation numbers.

Also, inflation doesn't show up in reactions like companies freezing hiring or cancelling expansion plans or freezing promotions and raises.

And finally, tariffs effect only certain items. I have no idea how many products and services the US economy has, but just to make numbers easy let's say a billion. Let's say tariffs only affect 50 million of those products and services. 5% of the total. They could raise prices on that 5% by 100% and it would, again, show up as a much smaller number in inflation calculations because it's a small percentage of the total.

The point is not inflation, nor was inflation mentioned in the link that I saw (I skimmed, so I may have missed it if it was).

The point is that people have been claiming for over a year that American citizens would not pay the tariffs. Of course they do/did/will continue to.

That's the point of the article. Other studies have shown that the tariffs represent the biggest tax increase an Americans since Bill Clinton was in office.

If you're o.k. with paying for these tariffs just because the inflation increase has been modest, or because Trump promises about $3Trillion worth of largesse to various groups on $200 Billion worth of tariff revenue, that's a separate issue. But we do pay the tariffs. Everybody who knew what they were talking about told y'all we would in one way or another.