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REDDIT

The state of things, as of now

E
Feb 23, 2026 · 18:25

>Smeaton, the co-founder of a UK costumes company which exports around 60% of its products to the US, told the BBC it had been a rollercoaster year.

>On the day that Trump announced the IEEPA tariffs last April, the tariffs on his products went from zero to 30%. Afterwards, they went up to 100%, then 145%, and eventually a rate of 30% was paid. This later changed to 20% and, for a few hours on Friday after the ruling, it was zero again, then up to 10%, and on Saturday, 15%.

Meanwhile:
>Analysis published earlier this month by the Federal Reserve Bank of New York found that 90% of the cost of increased tariffs that Trump imposed on goods from Mexico, China, Canada and the European Union (EU), was paid for by US companies.

[source](https://www.bbc.com/news/articles/c5yvky5ldk1o)

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