# Tariff costs to companies this year to hit $1.2 trillion, with consumers taking most of the hit, S&P says

- Link: https://www.widthness.com/tariff-costs-to-companies-this-year-to-hit-1-2-trillion-with-consumers-taking-most-of-the-hit-sp-says/
- Published: 2025-10-19T09:30:00-05:00
- Author: Curated by John Wysocki

Photo: Liberation Day, President Trump at the Make America Wealthy Again Event – April 2, 2025. Photo credit: Official White House photo via Flickr. US government work. Article by Jeff Cox. CNBC – October 16, 2025. Whitepaper: S&P Global Analysis. Key Points President Donald Trump’s tariffs will cost global businesses upward of $1.2 trillion in 2025, with most of the cost being passed onto consumers, according to a new analysis from S&P Global. The firm says that just one-third will be borne by companies, with the rest falling on the shoulders of consumers, under conservative estimates. “While Americans may face a transition period from tariffs upending a broken status quo that has put America Last, the cost of tariffs will ultimately be borne by foreign exporters,” White House spokesman Kush Desai said in a statement. Click here to view original web page at www.cnbc.com Related articles: Trump Tariffs Set To Hit Your Wallets Hard: S&P Sees Consumers Shouldering Two-Thirds Of Whopping $1.2T Bill – Stocktwits One Unexpected Climate Benefit of Trump’s Tariffs – Time Tariffs Have Pushed Up Inflation, And There Are More Price Hikes To Come, Economists Say – Investopedia Curated by John Wysocki See Full Bio