“The Trump administration conceded this weekend what economists, CEOs and consumers long knew: Americans pay for tariffs”
“Nearly a decade of Trump trade arguments held that foreign countries, not Americans, paid the ultimate cost of a trade war. But the President and his economic team now acknowledge that tariffs are raising prices for everyone, from industrial ports to retail storefronts.”
“After Walmart said this week it would raise prices, a furious Trump insisted on Truth Social on Saturday that the company "eat the tariffs" — a concession that someone this side of the border had to pay something, somehow. Treasury Secretary Scott Bessent then went on Sunday shows yesterday and said that while Walmart would eat some of the tariffs, consumers would have to pay, too.”
“It was only May 11 that Commerce Secretary Howard Lutnick insisted people had to drop the "silly arguments" that consumers would pay the costs of trade levies”
Shocker, Trump acknowledged acknowledged one of his own lies, not that it matters, other than the Red Hat Club, most Americans knew he was lying, that he usually does
And I can recall MAGA posters here that echoed the same, that Americans don’t pay for tariffs
“Nearly a decade of Trump trade arguments held that foreign countries, not Americans, paid the ultimate cost of a trade war. But the President and his economic team now acknowledge that tariffs are raising prices for everyone, from industrial ports to retail storefronts.”
“After Walmart said this week it would raise prices, a furious Trump insisted on Truth Social on Saturday that the company "eat the tariffs" — a concession that someone this side of the border had to pay something, somehow. Treasury Secretary Scott Bessent then went on Sunday shows yesterday and said that while Walmart would eat some of the tariffs, consumers would have to pay, too.”
“It was only May 11 that Commerce Secretary Howard Lutnick insisted people had to drop the "silly arguments" that consumers would pay the costs of trade levies”
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www.axios.com
Shocker, Trump acknowledged acknowledged one of his own lies, not that it matters, other than the Red Hat Club, most Americans knew he was lying, that he usually does
And I can recall MAGA posters here that echoed the same, that Americans don’t pay for tariffs