The US pays the tariffs.
Trump is an idiot.
Goldman's latest (still very early) analysis of tariff effects thru June 2025:
— Scott Lincicome (@scottlincicome) August 10, 2025
-Foreign exporters absorbed 14% of US tariffs
-US companies ate 64%
-US consumers ate 22%
-Protected US companies also raised prices
-Consumers will see bigger price increases (70%) thru the Fall pic.twitter.com/0S0fVnEvQp
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