Yet another independent study just found Americans have been stuck paying Trump's tariffs
Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The costs of punitive tariffs that rolled out against China over the past year have largely fallen on US businesses and consumers, the New York Fed said Monday.That contradicts a repeated claim by President Donald Trump that China pays tariffs.
The findings added to a long string of research that has contradicted a repeated claim by President Donald Trump: that foreign exporters have paid the import taxes of up to 25% on thousands of products. "China is paying us tremendous — and they're paying for it," Trump said at a Cabinet meeting last week. "Those tariffs are not paid by us. Those tariffs are paid because they're devaluing their currency and pouring cash into their economy."
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