Goldman Sachs have assembled what they say is early analysis only of where tariffs are hitting pockets. Data as of June 2025, so yeah, still early:
Foreign exporters have absorbed about 14% of US tariffs, while American companies have taken on 64% and consumers 22%, with protected domestic firms also raising prices and consumer costs projected to jump a further 70% through the autumn.JP Morgan say that they see indications of an impact from tariffs only beginning to show up:
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