By Michael S. Derby Feb 12 (Reuters) - Americans are shouldering almost all of President Donald Trump’s import tax surge, a report from the Federal Reserve Bank of New York said on Thursday. The bank said 90% of the tariffs imposed by the president on imported goods are borne by American consumers and companies.

A report released Thursday by economists at the Federal Reserve Bank of New York and Columbia University suggested that U.S. companies and consumers bore 90% of the economic burden of Trump’s tariffs,