Key Highlights
- 96% of Trump's tariff costs are paid by American consumers.
- The tariffs are considered a hidden tax on U. S. consumers.
- The economic effects of the tariffs are a significant topic of discussion.
Hiltzik: Yes, you're paying for Trump's tariffs, and the price is going up
A recent study reveals that American consumers have borne 96% of the costs associated with President Trump's tariffs, effectively labeling these tariffs as a hidden tax. As the implications of these tariffs continue to unfold, their impact on prices and the economy remains a focal point of discussion.
President Donald Trump speaks as he signs executive orders in the Oval Office of the White House Wednesday, April 9, 2025, in Washington, as from left, Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, Interior Secretary Doug Burgum, Transportation Secretary Sean Duffy and Michigan House Speaker Matt Hall listen. (Pool via AP)
Credit: (Pool Photo)
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Sources
This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.
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