US businesses and consumers pay 90% of tariff costs, NY Fed says

Market Intelligence Analysis

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Why This Matters

A New York Federal Reserve study found that US businesses and consumers bear the brunt of tariff costs, contradicting President Trump's claims that foreign companies would absorb the levies.

Market Impact

Market impact analysis based on bearish sentiment with 90% confidence.

Sentiment
Bearish
AI Confidence
90%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

Central bank’s research undercuts Donald Trump’s claims that foreign companies will pay for levies

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Full article on Financial Times
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Original article published by Financial Times on February 12, 2026.
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