Americans Are the Ones Paying for Tariffs, Study Finds

Americans, not foreigners, are bearing almost the entire cost of U.S. tariffs, according to new research that contradicts a key claim by President Trump and suggests he might have a weaker hand in a reemerging trade war with Europe.

Trump has repeatedly claimed that his historic tariffs, deployed aggressively over the past year as both a revenue-raising and foreign-policy tool, will be paid for by foreigners. Such assertions helped to reinforce the president's bargaining power and encourage foreign governments to do deals with the U.S.

Trump's claims have been supported by the resilience of the U.S. economy, which recorded relatively brisk growth and moderate...

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