Stacked Menu with Dropdown

💬 John Philpin

A Public Journal

🔗 Americans are paying for tariffs

By analyzing $4 trillion of shipments between January 2024 and November 2025, the Kiel Institute researchers found that foreign exporters absorbed only about 4% of the burden of last year’s U.S. tariff increases by lowering their prices, while American consumers and importers absorbed 96%.

“Perhaps we really do live in a time which begets nothing but the mediocre.”

💬 Michel de Montaigne (1533--1592)

🔗 via Austin Kleon

I wonder what Michel would have made of the 2020s.

View All Posts