Live data from Hacker News

American importers and consumers bear the cost of 2025 tariffs: analysis

kielinstitut.de

611–620 of 814 posts

Re: American importers and consumers bear the cost of 2025 tariffs: analysis

#611

Earlier quoted context omitted.

Interesting comment but I have to ask why you keep capitalizing "Tariff".

They may be a German-speaker betrayed by muscle-memory while typing in english.

But they didn't capitalize any of the other nouns.

Re: American importers and consumers bear the cost of 2025 tariffs: analysis

#612
post #562
post #271

Earlier quoted context omitted.

> What were you thinking? What was going through your heads? I'm genuinely curious. I’m adamantly against all forms of illegal immigration. There are plenty of people around the world that want to come here and are willing to wait in line. I’m perfectly fine with the intentions and methods of the current administration. I’m in favor of doing whatever we can to increase our manufacturing base for the future. I’m perfe…

[flagged]

> And Trump did what, exactly, make something already illegal even more illegal?

That’s the best part! There’s no new laws necessary. We’re simply enforcing the laws on the books and means of enforcement that we as a nation have already agreed upon!

> And now that you are ruled by a de facto fascist with the rule of law only applicable to his enemies, how is the payoff? On the upside, illegal immigration is no longer a primary concern, I guess.

I fail to see how a democratically elected President that won both the electoral college and the popular vote is a “de facto fascist”.

> Better to let everything be run by cartels instead, surely they will have your best interests at heart. There's not a single example of a functional and effective government out there, so why even try?

There’s plenty of examples of functional governments and plenty of dysfunctional ones. There’s functional programs and dysfunctional ones.

And just because something may work for a small homogenous population in close proximity of each other doesn’t mean it would work or make sense for a heterogeneous population spread across thousands of miles.

Re: American importers and consumers bear the cost of 2025 tariffs: analysis

#613
post #249

Earlier quoted context omitted.

Things aren't perfect in a lot of countries, but what is happening in the US right now is absolutely unique. Things are careening out of control, and the political system seems completely incapable of getting a handle on it. Most people I speak to in Canada, Europe and Central America seem perplexed why Americans they know do not seem more alarmed.

> Seem perplexed why Americans they know do not seem more alarmed. It's because we live in the beginnings of a dual state: https://www.nytimes.com/2026/01/18/opinion/renee-good-ice-im... Quoting the key point: > The two components of the dual state are the normative state — the seemingly normal world that you and I inhabit, where, as Huq writes, the “ordinary legal system of rules, procedures and precedents” applies…

Excellent article, thanks.

Re: American importers and consumers bear the cost of 2025 tariffs: analysis

#614

I'm glad they've done the work here and put a figure on it - the impact absolutely needed to be quantified - but I also have to say... to the surprise of absolutely no-one with even the most basic grasp of how economies function. People, lots of people, lots of people who have a really deep understanding of national and global economics (unlike me), have been warning about this since talk of tariffs became common cur…

There are multiple research papers that indicate that this result (in terms of what you think the paper says) is not obvious. Indeed, to think this is the case, you need an extremely superficial understanding of economics based around "rules" that only exist in theory. And, if you read the paper, you will find that evidence. How these work depends on initial conditions that vary and exporters will not react in a cons…

The authors ask “who bears the cost of these tariffs?” and use S&P Panijiva data from Jan 2024 to Nov 2025 for their 96% pass through rate to conclude tariffs function “as a consumption tax on Americans.” However, Panjiva is limited to FOIA requests for bill of lading data for 22 countries (Brazil, China, India, Mexico) and excludes major US trading partners, such as the EU, UK, and Canada[1].

The limitations of the data are highlighted by the authors’ somewhat bizarre claim that “a 10 percentage point increase in tariffs leads to only a 0.39% reduction in export prices.” Yet the luxury industry, a major component of European exporters, reduced prices in 35-40% of all products in 2025 and registered a drop in operating margins from 20% in 2023 to 15% in 2025[2]. European car manufacturers also had to adjust. Porsche reported a billion euro 3Q25 loss and a 99% drop in operating profit through 2025, leading to its removal from the DAX and the CEO’s ouster.[3]

The short answer to who pays: too early to tell. Many consumers balk at price increases and reduce consumption, while many foreign exporters seem to be waiting and seeing for the Supreme Court to rule against the administration’s IEEPA claims or the midterm elections before deciding permanent price changes. But exporters are experienced navigators of multiple tariff layers, both internal and external. Many economists have noted the “value-added tax (VAT) system, a tax on final consumption, which the US administration views as similar to a tariff.”[4]

[1] https://www.spglobal.com/market-intelligence/en/solutions/pr... [2] https://www.ft.com/content/9553baf3-7cfc-40c2-b6bd-1871844af... [3] https://observer.com/2025/10/porsche-profit-drop-luxury-econ... [4] https://think.ing.com/downloads/pdf/article/reciprocal-tarif...

Re: American importers and consumers bear the cost of 2025 tariffs: analysis

#615

Earlier quoted context omitted.

A lot of Americans believed the guy they wanted to believe in, because they didn't want to believe the people they didn't want to believe in. You're assuming that modern politics across most of the World has something to do with rational, logical thought. Russia, China, Europe, the US, the Middle East - they are all in a quagmire of irrational fractures between the public and the political classes who want power/cont…

You are using "believed" - past tense. Facts change nothing. This report means nothing. These people still believe. The report is wrong. They are right. The truth is whatever they want it to be, not something out of their control.

"Truth is not truth" - Rudy Giuliani

Re: American importers and consumers bear the cost of 2025 tariffs: analysis

#616

Earlier quoted context omitted.

The Americans visiting Europe are a sample very skewed towards sanity due to their socioeconomic situation and interest in history/culture. So this is either not true or highly troubling.

> mostly to religious sights [sic] Don't be so sure.

Sightseers see sights at sites? So perhaps not sic in this case?

Re: American importers and consumers bear the cost of 2025 tariffs: analysis

#617

Earlier quoted context omitted.

I have spent my whole life intimately involved with southern Republicans. They will never ever not vote Republican, let alone vote Democrat. It is an identity marker. It doesn’t even really matter what the policies are. They’ll complain for a while, but they will always internalize a Republican policy shift no matter what it is. They used to treat “free market economics” as a religion just 10 years ago. Secondarily,…

This really sounds like the population just isn't ripe for democracy yet. We also had that, this is a major reason why our 1848 revolution failed and why we didn't become a democracy between 1848 and 1918. So what you actually kind of miss is a nobility that has common sense and class-consciousness of the leading class.

Great comment. To have democracy, you must have an educated, informed electorate. Religiosity is still very high in the US, and religiosity is negatively correlated with intelligence. Perhaps “democracy ready” levels can be inferred from other countries with more functional governance systems and their lower levels of religiosity as a sort of baseline.

Graphs About Religion: The Generational Collapse of American Religion - https://www.graphsaboutreligion.com/p/the-generational-colla... - January 19th, 2026

15,000 churches could close this year amid religious shift in U.S - https://news.ycombinator.com/item?id=46484284 - January 2026 (5 comments)

Gallup: Drop in U.S. Religiosity Among Largest in World - https://news.gallup.com/poll/697676/drop-religiosity-among-l... - November 13th, 2025

Re: American importers and consumers bear the cost of 2025 tariffs: analysis

#618

Earlier quoted context omitted.

Why should something be cheaper to produce in China than in the United States or Europe?

Labor laws, PPP and standard of living.

Then maybe it's morally right to tariff their goods? (As all countries already do, not only the US) Otherwise, what's the purpose of labor laws within the US or Europe?

Re: American importers and consumers bear the cost of 2025 tariffs: analysis

#619
post #422

Earlier quoted context omitted.

In Israel, virtually every Christian relic is fake. Some are hundreds of years old, but nevertheless fake. This is not a comment on Christianity as a religion. Religions need relics, and if they can’t find them, they are created. This is operating in modern times. I was working as a contractor for Intel Israel. They took everybody on a day trip. To an LDS temple to “see the organ” (what else?). An American LDS church…

> In Israel, virtually every Christian relic is fake. The Italian Catholics have got a handle on this with many of their relics. Bits of various saints are in glass boxes all over Italy. Presumably they could be DNA tested?

DNA tested for what, exactly? I guess things like fragmentary remains may not be human, but a full skull is not so easy to confuse for a donkey. Ethnicity would only be useful if the saint in question had origins that would be out of place in Italy or if they had a specific ethnicity(like St Peter's remains not having a Levantine origin).

Re: American importers and consumers bear the cost of 2025 tariffs: analysis

#620

Earlier quoted context omitted.

Relics are only a way of advertising the religion. We should ban advertisements of religions. If their gods are so powerful then they shouldn't need advertising. And if you are a believer AND god turns out to be real then banning advertising could lead to the return of Jesus. Win win.

> Relics are only a way of advertising the religion. I can't follow you here. Relics only have a meaning when you already believe them to be relics and no just random bones. How is that advertising?

No, you don't have to be religious to understand what religious symbols are about.
Post reply on HN