Workflow
Kirk: Ultimately, the tariffs will be borne by the American consumer
CNBC Televisionยท2025-08-07 12:20

Tariffs Impact & Economic Uncertainty - Tariffs, ranging from 10% to 40% on some countries, create uncertainty for companies considering US investments due to unknown duration [3] - The ultimate responsibility for tariffs will be borne by the American consumer [5] - The market anticipates potential downturns and inflationary risks, but relying on this pattern long-term is uncertain [7] Market Reaction & Economic Indicators - Initial market reaction to tariff announcements in April was negative, leading to a temporary turnaround [7] - No sharp fall-off in the economy has been observed yet, partly due to the stop-start nature of tariff implementation [6] Legal & Agreement Concerns - Announced agreements are not treaties, raising questions about the legal basis of tariffs imposed under the International Emergency Economic Powers Act [2]