Despite claims by the Trump administration, a new study has found that Americans are absorbing about 96% of the costs of President Donald Trump's tariffs. Foreign companies have been paying only 4% through discounts and other tactics. The Kiel Institute for the World Economy study, obtained by The Wall Street Journal on Monday, concluded that the tariffs were likely to show up as higher consumer prices in the long term. "There is no such thing as foreigners transferring wealth to the U.S. in the form of tariffs," Bielefeld University professor Julian Hinz remarked after authoring the study.
According to Hinz, the $200 billion in tariff revenue last year "was paid almost exclusively by Americans."
The report found that the tariffs functioned as a consumption tax on Americans instead of a tax on foreign companies.
For many Iranians who poured onto the streets during the latest wave of protests, US President Donald Trump appeared to be a potential lifeline. read more
President Donald Trump wants Americans to watch the Army-Navy football match whether they like it or not. Trump, 79, announced in a Truth Social post on Saturday night that he planned to sign an executive order mandating an "exclusive four-hour broadcast window" to air the annual matchup between the two military service academies. The 2026 Army-Navy game will take place on Dec. 12 at MetLife Stadium in New Jersey. It is held every December and is played between cadets from the U.S. Military Academy at West Point and midshipmen from the U.S. Naval Academy at Annapolis. "The Army-Navy Game is one of our Greatest American Traditions " Unmatched Patriotism, Courage, and Honor! This incredible Tradition is now at risk of being pushed aside by more College Playoff Games, and Big TV Money," he wrote. "NOT ANYMORE!"
Donald Trump admitted in a bonkers letter to a fellow head of state that he is no longer the peace-loving president he claimed to be after being snubbed for the Nobel Peace Prize. The petulant 79-year-old has been in tantrum mode since the award was given to Venezuelan opposition leader Mara Corina Machado last year. He has made spurious peace-making claims to support the case for why it should have been him, and even took the award from its rightful winner in a bizarre knee-bending ceremony in the Oval Office last week. The Norwegian committee that decides the award has pushed back, and now, Trump has fired off an angry letter to the Norwegian prime minister threatening world stability. Considering your Country decided not to give me the Nobel Peace Prize for having stopped 8 Wars PLUS, I no longer feel an obligation to think purely of Peace," he ranted in a letter sent to Norwegian Prime Minister Jonas Gahr Stre.
Venezuelan opposition leader Mara Corina Machado's gifting of her 2025 Nobel Peace Prize to US President Donald Trump raised eyebrows around the world Friday -- but it wasn't the first time that the winner of the prestigious award gave it away. read more
Martin Luther King Jr. wins Nobel Peace Prize
No doubt this rankles the noxious orange war criminal.
Where are the MAGA dipshits who claimed American consumers aren't paying for pedo 47's tariffs?