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New York Fed: “Who is paying for the 2025 tariffs?”Answer: Americans (~90%)

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Carolyn Barber, MD

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New York Fed: “Who is paying for the 2025 tariffs?”
Answer: Americans (~90%)
Tariffs: 2.6% → 13%
Import prices: +11%
White House response: attack the economists.
The math still holds.
https://finance.yahoo.com/news/top-trump-advisor-furious-true-210501303.html?.tsrc=daily_mail&segment_id=DY_VTO_CORE&ncid=crm_19908-1475736-20260220-0--A&bt_ee=FBQleehQm2J1BXR21JvDCRKD23ACp2ncRjqMh5cFUiaEv7IzVj236kchFP6zO%2FGh&bt_ts=1771592262519 #press
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