The dumbass still doesn’t know WHO PAYS his stooopid tariffs. And this doesn’t even take into account the ‘reciprocal tariffs’, levied by other countries, against the US.
Last week, the New York Federal Reserve Bank’s Liberty Street Economics blog published a post titled “Who Is Paying for the 2025 U.S. Tariffs?” In it, four members of the bank’s research group looked at the “tariff incidence” — as they explained it, “the technical term for how the costs of a tariff are split between foreign exporters and domestic importers” — for goods imported through last November. Exporters can lower their goods’ price, shifting the tariff incidence towards them by eating some of the tariff cost, or keep them the same rate, passing on the cost to the importer.
While Trump may claim that foreign companies are paying the bulk of the tariff costs, the Fed researchers instead asserted that “nearly 90% of the tariffs’ economic burden fell on U.S. firms and consumers.”
The Trumpies reaction. FIRE the people who made the study!
Same old shit from the same old bullshitters…Fire the Messenger, and KEEP LYING!
Screw Boss Hogg and the morons who elected/support the jackass.
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