Businesses Set to Face Staggering $1.2 Trillion Tariff Costs in 2023—How Consumers Will Bear the Burden
A shopper walks past shelves of cooking oil for sale at a supermarket in Beijing on October 15, 2025. Pedro Pardo | Afp | Getty Images Highlights President Trump’s tariffs are projected to cost global businesses over $1.2 trillion by 2025, with consumers absorbing most of this burden. While administration officials claim exporters will bear […]
