Trump's Tariffs Less Impactful Than Feared, Study Finds

A new study by economists Gita Gopinath and Brent Neiman found that the tariffs announced by President Donald Trump's administration had a smaller impact on prices and trade than many people expected.

While the official tariff rates were very high, the actual rates were much lower due to delays, exemptions, and other factors.

The study also found that when tariffs were collected, the costs were mostly paid by American businesses and consumers, not foreign sellers.

Another expert, Sajjid Chinoy, agreed that the tariffs were not as strong as initially feared, partly because of exemptions for things like electronics and medicines.

He also noted that the global economy grew stronger than expected, which helped soften the impact of the tariffs.