Tariff Takedown

Americans picked up nearly 90% of the tab for Trump’s tariffs in 2025, according to a New York Fed report. It’s no surprise, really – someone’s gotta foot the bill, and it won’t be China. White House advisor Kevin Hassett isn’t having it, though. He’s slamming the report, claiming it’s wrong to say Americans are bearing the brunt of the costs.

The Tariff Tussle

Hassett’s pushback is pretty rich, considering the numbers are stacked against him. The report’s findings are clear: Americans paid almost 90% of the tariffs imposed by the Trump administration. That’s a hefty price tag, and it’s one that won’t be going away anytime soon. So, the next time you’re shopping and notice the prices are a bit steeper than usual, just remember – you’re paying for Trump’s trade war.