The Fed’s research contradict Trump’s claim foreign companies would bear the burden.
US businesses and consumers paid nearly 90 percent of the cost of Donald Trump’s tariffs last year, according to new Federal Reserve research that undercuts the president’s claim that foreign companies would bear the burden.
The study by the New York… [2572 chars]
Source: Ars Technica | Published: 2026-02-12T15:40:47Z
Credit: Ars Technica
