Who’s Paying for Trump Tariffs? American Companies and Consumers
Why Trump Unleashed Tariff ChaosWho’s paying for Donald Trump’s tariffs? So far, American businesses and consumers.General Motors Co. was the latest US company to disclose how the levies are raising costs, with the automaker saying Tuesday that the duties dented profits by more than $1 billion as it chose to absorb the blow. That helps explain why car prices didn’t rise in last week’s inflation data, while robust price increases for other commonly imported goods like toys and appliances showed t...
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