Americans Are Paying the Bill for Tariffs, Despite Trump's Claims

Core Insights - Research from the New York Fed indicates that U.S. companies and consumers are incurring the costs of tariffs, contradicting the president's claims that foreign entities are bearing these expenses [1] Group 1 - The study highlights that the burden of tariffs is being felt by domestic businesses and consumers rather than foreign producers [1] - It provides evidence that tariff costs are not being absorbed by foreign suppliers, as previously suggested [1] - The findings suggest a need for reevaluation of the impact of tariffs on the U.S. economy and its stakeholders [1]