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Trump-world admits it: America pays for tariffs

19 May 2025
in Business
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Trump-world admits it: America pays for tariffs
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President Donald Trump has consistently claimed that the tariffs he has imposed will be entirely borne by other countries without costing American consumers. However, remarks made by Treasury Secretary Scott Bessent and Trump himself over the weekend have cast doubt on this assertion. This development raises questions about the actual economic impact of the tariffs on Americans, contradicting the administration’s previous stance.

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Tags: AdidasadmitsAmericaBusinessChina–United States economic relationsCustoms dutiesDonald TrumpDoug McMillonEconomic history of the People's Republic of ChinaEconomic history of the United StatesfinanceKaroline LeavittMcMillanpaysQuartzScott BessentSecond presidency of Donald TrumpStanley Black & DeckertariffTariffsTariffs in the second Trump administrationTrumpworldWalmart
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