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Regarding the sentence "In July 2025, Goldman Sachs reported that tariff incidence so far had fallen about 40% on US consumers, 40% on US businesses, and 20% on foreign exporters."
This was the original source and when you hover over the bar graph, dark blue is actual based on federal reserve surveys and light blue is Goldman's original assumptions.
Based on the dark blue, tariff incidence was 49% consumer, 39% US businesses, and 12% foreign exporters for goods imported in May 2025.
However, @Pats322 a NYT source that says "An analysis by economists at Goldman Sachs last week found that consumers initially bore only about 10 percent of the cost of tariffs, but that the share had risen to about 40 percent after three months. American companies shouldered most of the rest of the tariff burden, with foreign exporters paying only about 20 percent of the cost." CNN says this too.
Those numbers are very different than the Goldman Sachs post, and I can't find where the NYT and CNN are citing from. Which numbers, if either, should we go with? satkara❈talk01:35, 10 August 2025 (UTC)[reply]
"49% consumer" Far from surprising. The typical effect of a tariff is making products unaffordable for consumers. Per the main article: "Tariffs on imports are designed to raise the price of imported goods to discourage consumption. The intention is for citizens to buy local products instead, which, according to supporters, would stimulate their country's economy." Anyway, Trump was elected with promises to raise the prices on most imported products. Dimadick (talk) 05:02, 10 August 2025 (UTC)[reply]
@JoshRamirez29 Thanks for adding the revenue table. Can you explain how to use the Penn tracker to find the tariff revenues? I picked taxes, customs duties and related taxes, total YTD but I'm not getting the same numbers while scrolling through the graph. satkara❈talk15:50, 10 August 2025 (UTC)[reply]
Yes, I selected Customs and Excise Taxes, because customs duties and related taxes are different from excise but in the same tariff category so I picked that one. Its just the next option above customs duties. JoshRamirez29 (talk) 03:59, 11 August 2025 (UTC)[reply]
@Mr. Lechkar can you elaborate on where you think the article needs more sources? I believe the majority of the article is well sourced and written except perhaps some of the country-by-country sections. If so, we could move the notices to the impacted countries. satkara❈talk17:39, 14 August 2025 (UTC)[reply]
Hello, I tagged the article since I found the entirety of the sections on Bahrain and West Africa to be unsourced, as are parts of the sections on Japan and the Philippines, and I initially assumed the issue was worse than it appeared. I've scanned the entirety of the article and moved the tag to the relevant "by country" section. Mr. Lechkar (talk) 21:49, 14 August 2025 (UTC)[reply]
Please see that some edits were undone or revised arbitrarily for bias when the statements were attributed properly and proper sources were used. Surely the term "bias" cannot be carelessly thrown around in a subjective fashion? I implore both the editors and observers to keep things in check. Good faith additions that balance a prewritten subsection should be appreciated more.
I just read through other sections. Credible parts criticizing the tariffs are included throughout the article. Since there is proper attribution, not only everywhere else but in the section I edited, I do not think there is any violation pertaining to WP:Opinion either. So what might be the issue then? If someone could address it I'll be thankful. Ritwik Deuba (talk) 11:05, 27 August 2025 (UTC)[reply]
We have a table under Tariffs_in_the_second_Trump_administration#Revenues that displays revenues. Because the rows are by month, I feel it implies the revenue is what was earned that month rather than the YTD value. For example, the amount of money earned in July is listed as 186 (I assume billion, but neither the table or the source actually says), even though that is the YTD total and the value earned July 1-July 30 is 38.4.
We only need one row for the yearly total. We can just say 2024 and then 2025 and next year 2026, etc. For now with not even one full year, I propose removing the table and just keeping the text. satkara❈talk19:17, 31 August 2025 (UTC)[reply]
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