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

Financial Times Published Updated Global Markets & Finance
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Affected assets and topics

TARIFF

Why it 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.

Article tone

Neutral How the article is written, as reported by the source.

Expected market reaction

Bearish Confidence 90% How confidence is read Horizon: Short term Impact: Moderate

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

Evidence trail

Evidence
Source Financial Times
Claim US businesses and consumers pay 90% of tariff costs, NY Fed says
AI inference Bearish · 90%
Generated 2026-02-12 14:19

AI provenance

Analysed by Llama 3.1 8B Instant (Groq) Methodology v1.0 Generated
Technical identifiers
Provider tag
groq-llama-3.1-8b-instant
Analysis version
groq-llama-3.1-8b-instant
Article id
45106

Original source

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

Read the full article on Financial Times

Original article published by Financial Times on February 12, 2026. Analysis and insights provided by AnalystMarkets AI.

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