https://www.axios.com/2025/10/16/trump-tariffs-cost-china
President Trump's tariffs will cost businesses more than $1.2 trillion this year, with most of that cost being passed on to consumers, according to a new study from S&P Global.
In the study published on Thursday, S&P Global found that companies are now expected to pay at least $1.2 trillion more in 2025 expenses than they anticipated on Jan. 1, in what the researchers say is likely a conservative estimate.
The researchers project that at least two-thirds of "expense shock" will be passed on to consumers, with the rest absorbed by companies.
The $1.2 trillion figure comes via data collected from 15,000 analysts across 9,000 companies.
"Tariffs and trade barriers act as taxes on supply chains and divert cash to governments; logistics delays and freight costs compound the effect," they wrote.
Tariffs to cost companies $1.2T this year, mostly hitting consumers
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Posted by joe4942
18 Comments
Stop whining peasants. Jeff bezos needed a tax cut and somebody’s got to pay for it.
Just dont look at the prices and tap you card like everybody else you’ll be alright
I thought Chyna was gonna pay for it, just like Mexico payed our wall.
40 something% of Americans think this is good for some reason
Americans are paying one of the greatest de facto tax increases in history. They’re just collecting on the back-end, instead of at the check-out register.
Getting absolutely robbed and think they’re “winning”.
I’m dumb so tell me where I’m wrong…
If there’s was $1.2 T in tax revenue from the wealthy and corporations vs tariffs, wouldn’t the consumer still carry that burden?
Americans like to be taxed
I am excited about the $600 check.
Didn’t the CPI and PPI we got the last few times indicate that 20% was absorbed by exporters, 20% by consumers, and 60% by local importers? What happened to that narrative?
That’s roughly $3,000 per American.
Rump in power folks
Wait till you see health insurance numbers for 2026
>”Am I going to demand that the wealthy and large corporations start paying their fair share of taxes?” Sanders asked during a CNN town hall event. “Damn right, I will.”
What did you all think would happen if we tax the rich? They pay up and say – “ohhh you got us!! We’ll just have less money now, can’t believe you found the loophole lol”
As the Trump presidency goes on, I feel like more and more Americans want a 0% tax on corporations
Classic trickle down economics, WCGW?
Defeating China by penalizing Americans.
ARE WE GREAT AGAIN YET?
1.2T tax increase enacted unilaterally by Trump without Congressional approval.
The president that promised to lower the price of everything has raised the price of everything.
This year, companies absorbed them. Just wait til next year.
Orrrr buy American made and pay no extra and still pay less in income taxes. Life’s about choices. I’ve always shopped and supported American businesses cause that’s what employees and builds my local community. The beautiful thing about America is that we are resource rich we just need to get the resources out of the ground and use them for domestic purposes.