Tariffs are “all paid by Americans”: Fmr. WH Chief Economist

We project in our economic modeling that that would shave, you know, roughly 90 basis points off of growth in 2025 as a result of that, which is a major headwind. I like to emphasize to people though, like that is not a recession necessarily. If you were at 2% growth for 2025, now you're at 111 as a result of the tariffs.That is lower, but that is still positive. We have gotten more tax revenue as a result of tariffs. It absolutely does mean that people are paying it, people in companies.We wouldn't be rais ...