U.S. allies and partners like the U.K. and the European Union facing higher tariffs but countries like Brazil, China and India get a reprieve.

President Donald Trump has repeatedly said foreigners would pay for his import tariffs. A new report says Americans picked up most of the tab.

Tariffs of up to 50% on countries with large U.S. trade deficits are linked to price increases for goods like vehicles, furniture, toys and food. Although the Consumer Price Index rose 2.7% over the past year, future inflation is expected as businesses ...