#FedReserve study found #American consumers and importers shouldering 90% of the #TrumpTariffTantrum costs

#WhiteHouse is enraged as Herr #Drumpf economic advisors call for #economists behind the study to be “disciplined.”

The nonpartisan Congressional Budget Office previously published similar findings in an economic forecast that estimated U.S. businesses absorb 30% of the cost of tariffs by reducing profit margins with remaining 70% passed onto consumers as higher overall prices

https://www.ne16.com/t/10306057/226805622/9186278/0/1009503/