{"id":17694,"date":"2025-07-23T10:00:10","date_gmt":"2025-07-23T10:00:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/17694\/"},"modified":"2025-07-23T10:00:10","modified_gmt":"2025-07-23T10:00:10","slug":"americans-are-mainly-paying-for-tariffs-deutsche-bank","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/17694\/","title":{"rendered":"Americans Are Mainly Paying for Tariffs: Deutsche Bank"},"content":{"rendered":"

American companies are eating the cost of tariffs,<\/a> and higher consumer prices may be “in the pipeline,” Deutsche Bank said.<\/p>\n

Analysts at the bank reached that conclusion after examining the cost of importing manufactured goods in the second quarter, when Donald Trump<\/a> first proposed his tariffs.<\/p>\n

They said that the US government had collected $100 billion in tariff revenue so far this year, “so no doubt someone is paying.” They added that if exporters to the US covered the costs, there would be a “sharp reduction in the price of imported goods,” but this has not happened.<\/p>\n

“The top-down macro evidence seems clear: Americans are mostly paying for the tariffs,” the strategists said in a Tuesday note.<\/p>\n

They concluded that American companies have been “mostly absorbing the tariffs into their profit margins” because the US consumer price index, up only 0.3% in June, hasn’t registered a big increase.<\/p>\n

But they warned, “There is likely more pressure on US consumer prices in the pipeline.”<\/p>\n

The analysts also said the tariffs were hitting the dollar as “exporters in the rest of the world are not yet feeling much pain from the tariffs.”<\/p>\n

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This could give other countries more bargaining power as they negotiate trade deals ahead of Trump’s August 1 deadline for resuming many of his tariffs, they added.<\/p>\n

The analysts said they found few examples of exporters absorbing the costs of tariffs anywhere in the world.<\/p>\n

Dollar import prices in China are down by only 1% “despite an average increase in tariff rates of more than 30%,” they noted.<\/p>\n

It also said that there are specific industry examples of exporters eating tariffs, citing Japanese automakers cutting the prices of models sent to the US.<\/p>\n

The Bank of Japan’s corporate goods price report found that the export price index for cars shipped to North America last month fell 19.4% compared to a year prior, the biggest plunge since 2016.<\/p>\n

Treasury Secretary Scott Bessent<\/a> said earlier this month that the US could take in as much as $300 billion in tariff revenue in 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"American companies are eating the cost of tariffs, and higher consumer prices may be “in the pipeline,” Deutsche…\n","protected":false},"author":2,"featured_media":17695,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[15325,15322,3464,45,49,48,15319,15320,15326,1376,46,15318,15324,2973,8465,863,15323,15321,3275],"class_list":["post-17694","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-american-company","tag-americans","tag-analyst","tag-business","tag-ca","tag-canada","tag-cost","tag-deutsche-bank","tag-dollar-import-price","tag-donald-trump","tag-economy","tag-exporter","tag-manufactured-good","tag-pipeline","tag-price","tag-tariff","tag-us-consumer-price-index","tag-us-government","tag-world"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/17694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=17694"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/17694\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/17695"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=17694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=17694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=17694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}