New York Fed economists confirm that Americans are the ones footing the bill for 90% of Trump’s tariffs
Despite President Donald Trump insisting it’s foreign businesses paying for his raft of tariffs, mounting data indicates that, actually, American households and businesses are footing the bill for his import taxes. A Federal Reserve Bank of New York report released Thursday,...
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fortune.com
New York Fed economists confirm that Americans are the ones footing the bill for 90% of Trump’s tariffs
Despite President Donald Trump insisting it’s foreign businesses paying for his raft of tariffs, mounting data indicates that, actually, American households and businesses are footing the bill for his import taxes. A Federal Reserve Bank of New York report released Thursday, using data from the...
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