USA-Tariff Hike/Costs/Report
Beijing, China - Feb 13, 2026 (CCTV Video News Agency - No access Chinese mainland)
1. Screenshot of official website of Federal Reserve Bank of New York
FILE: Washington D.C., USA - October 2024 (CCTV Video News Agency - No access Chinese mainland)
2. Various of White House
FILE: New York City, USA - October 2024 (CCTV Video News Agency - No access Chinese mainland)
3. Various of port, Statue of Liberty
FILE: Los Angeles, USA - May 2025 (CCTV - No access Chinese mainland)
4. Various of Port of Los Angeles
FILE: Long Island, New York, USA - December 2025 (CCTV - No access Chinese mainland)
5. Walmart
6. Various of consumers, stacked products, price tags
FILE: Miami, Florida, USA - 2025 (CGTN - No access Chinese mainland)
7. Consumer in supermarket, goods on shelf
FILE: New York City, USA - Date Unknown (CGTN - No access Chinese mainland)
8. Various of shoppers selecting commodities in supermarket
FILE: Schwarzheide, Germany - 2022 (CCTV - No access Chinese mainland)
9. Various of auto assembly line in Mercedes-Benz factory
FILE: Wolfsburg, Germany - Date Unknown (CCTV - No access Chinese mainland)
10. Various of Volkswagen's production line; workers
FILE: Los Angeles, USA - Date Unknown (CGTN - No access Chinese mainland)
11. Various of crane moving container at port
12. Various of containers, vessels at port
U.S. firms and consumers shouldered nearly 90 percent of the economic burden from last year's sweeping tariff hikes, contradicting the Trump administration's argument that the levies are paid by foreign trading partners, according to a report issued by the Federal Reserve Bank of New York on Thursday.
The study reveals that as average U.S. import tariffs surged from 2.6 percent to 13 percent in 2025, foreign exporters largely declined to absorb the added costs by lowering their prices.
Instead, the economic impact fell predominantly on domestic entities: during the first eight months of the year, 94 percent of the tariff incidence was borne by U.S. importers and consumers. That share remained elevated at 92 percent in September and October, dipping only slightly to 86 percent in November.
The findings align with a separate analysis published this week by the U.S. Congressional Budget Office, which estimated that about 70 percent of tariff costs were ultimately transferred to American consumers through higher retail prices on imported goods.
USA-Tariff Hike/Costs/Report
Dateline : Feb 12/13, 2026/File
Location : United States
Duration : 1'34
Beijing, China - Feb 13, 2026 (CCTV Video News Agency - No access Chinese mainland)
1. Screenshot of official website of Federal Reserve Bank of New York
FILE: Washington D.C., USA - October 2024 (CCTV Video News Agency - No access Chinese mainland)
2. Various of White House
FILE: New York City, USA - October 2024 (CCTV Video News Agency - No access Chinese mainland)
3. Various of port, Statue of Liberty
FILE: Los Angeles, USA - May 2025 (CCTV - No access Chinese mainland)
4. Various of Port of Los Angeles
FILE: Long Island, New York, USA - December 2025 (CCTV - No access Chinese mainland)
5. Walmart
6. Various of consumers, stacked products, price tags
FILE: Miami, Florida, USA - 2025 (CGTN - No access Chinese mainland)
7. Consumer in supermarket, goods on shelf
FILE: New York City, USA - Date Unknown (CGTN - No access Chinese mainland)
8. Various of shoppers selecting commodities in supermarket
FILE: Schwarzheide, Germany - 2022 (CCTV - No access Chinese mainland)
9. Various of auto assembly line in Mercedes-Benz factory
FILE: Wolfsburg, Germany - Date Unknown (CCTV - No access Chinese mainland)
10. Various of Volkswagen's production line; workers
FILE: Los Angeles, USA - Date Unknown (CGTN - No access Chinese mainland)
11. Various of crane moving container at port
12. Various of containers, vessels at port
U.S. firms and consumers shouldered nearly 90 percent of the economic burden from last year's sweeping tariff hikes, contradicting the Trump administration's argument that the levies are paid by foreign trading partners, according to a report issued by the Federal Reserve Bank of New York on Thursday.
The study reveals that as average U.S. import tariffs surged from 2.6 percent to 13 percent in 2025, foreign exporters largely declined to absorb the added costs by lowering their prices.
Instead, the economic impact fell predominantly on domestic entities: during the first eight months of the year, 94 percent of the tariff incidence was borne by U.S. importers and consumers. That share remained elevated at 92 percent in September and October, dipping only slightly to 86 percent in November.
The findings align with a separate analysis published this week by the U.S. Congressional Budget Office, which estimated that about 70 percent of tariff costs were ultimately transferred to American consumers through higher retail prices on imported goods.
ID : 8465850
Published : 2026-02-13 17:59
Last Modified : 2026-02-13 21:01:33
Source : CCTV Video News Agency,China Central Television (CCTV),China Global Television Network (CGTN)
Restrictions : No access Chinese mainland
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