Marketplace All-in-One A look at who's footing the bill for all those tariffs
Feb 13, 2026
New research shows tariffs largely ended up on U.S. businesses and consumers rather than foreign producers. Discussion covers how tariffs have boosted household costs and the split between firms and shoppers. Fresh January inflation data and what it means for interest rates are explored. Later, the show dives into money secrets in relationships and when financial privacy becomes harmful.
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Tariffs Mostly Hit U.S. Firms And Consumers
- The New York Fed found U.S. firms and consumers bore nearly 90% of recent tariff costs despite exporters slightly lowering prices.
- The CBO estimates businesses absorb 30% while consumers pay about 70% of tariff impacts, shifting most of the burden to households.
Tariffs Raise Household Costs Significantly
- The Tax Foundation estimated Trump's tariffs increased the cost for the average U.S. household by about $1,000 last year and $1,300 this year.
- Fed Chair Jerome Powell warned import taxes cause a one-time price rise that elevates overall cost of living.
Inflation Slows As Tariff-Driven Hikes Fade
- January CPI rose 0.2% month-over-month and 2.4% year-over-year, the lowest annual rate since May.
- Some price increases tied to past tariff anticipation are now dropping out, helping recent inflation retreats since September.