特朗普罕见改口，承认关税失败，美国人正在为此付出巨大代价

Core Viewpoint - The article discusses the economic impact of Trump's tariff policies, highlighting that American consumers are bearing the brunt of the costs, contrary to Trump's initial claims that foreign entities would pay these tariffs [1][3][7]. Economic Impact - Trump's tariffs are projected to result in a loss of $1.2 trillion for American businesses, with the majority of the financial burden ultimately falling on consumers [7]. - Since April, American consumers have absorbed approximately 50% to 70% of the tariff costs, indicating that foreign producers are paying less than 30% [3]. Inflation and Economic Conditions - The tariffs have contributed to rising inflation in the U.S., complicating the Federal Reserve's monetary policy, which struggles to stimulate the economy through interest rate adjustments [7][17]. - Current economic indicators suggest that the U.S. is experiencing stagflation, characterized by stagnant economic growth and rising prices [14][17]. Employment Data - In October, U.S. employers announced a record 153,074 layoffs, a 183% increase compared to previous years, signaling a significant downturn in the job market [16]. - Adjustments to employment data show a downward revision of job growth, with October reflecting a loss of 9,100 jobs, marking one of the worst months of the year [16]. Federal Debt and Fiscal Policy - The U.S. national debt has surged to $38 trillion, necessitating $1.4 trillion in interest payments, which consumes nearly 30% of projected federal revenue for FY2024 [8][9]. - Trump's administration is focused on increasing revenue through tariffs to avoid a debt crisis, despite the negative implications for consumers and the economy [8][9]. Federal Reserve's Response - The Federal Reserve is reconsidering its monetary policy approach, with officials expressing concerns that previous rate cuts may have exacerbated inflation rather than alleviating it [17]. - The Fed's current strategy indicates a reluctance to lower interest rates further, as this could lead to increased inflation and further job losses in the private sector [17].