I won’t repeat Trump’s outright lies — about “Mr. Tarriff.”
I will highlight… the Fed’s — and Yale Univ’s truthful statements, about what really happens, with his (19the Century style-) tariffs:
…Research from the Federal Reserve Bank of New York finds that nearly 90% of tariff costs are borne by U.S. firms and consumers, rather than foreign producers….
Data from the Yale Budget Lab points in a similar direction. Prices for imported consumer goods and durable goods rose about 1.5% in 2025 through January, both well above prior-year comparisons. Estimates suggest tariff pass-through to consumer prices ranges from roughly 46% to 86% for core goods and 51% to 115% for durables….
What a super stable genius he is.
Not.