Confirmed: American businesses and consumers are paying 'approximately 100%' of Trump tariff...

Who else would be paying for tariffs or taxes for that matter other than consumers for tariffs and citizens for taxes?
Since the government purchases at all levels are funded by taxpayers, the citizens are paying any associated tariffs that any government in this nation purchases, my friend Lt Col John (Jack) Christensen
In a just system, consumers pay the cost of product overhead. Hopefully the Federal government will never again consider any business too big to fail and prop it up with tax dollars. That was a travesty of the highest order.
What are your thoughts? LTC Stephen C. LTC (Join to see) Maj William W. 'Bill' Price Maj Bill Smith, Ph.D. Sgt Kelli Mays SCPO Morris Ramsey MSgt David Hoffman SMSgt Lawrence McCarter TSgt Joe C. TSgt David L. SSG Robert "Rob" Wentworth SPC Margaret Higgins

Why wonder? Of course the cost of tariffs are paid by the consumer. Why then is the economy booming? Why is consumer confidence so high? Because the President's attacks on unfair foreign competition are having the desired effect.

I have an Economics minor. The answer is short term YES, long term NO. And the studies by NBER and the Fed are not really a surprise but an expected result. The initial cost has to be passed onto the consumers in order for their purchasing behavior to be influenced. Once the consumer has the increased prices he/she has two choices. Continue with past behavior and pay the increased price. Make a different choice if possible and go with a lower priced product. In somce cases that lower priced product is available right now and in other cases it is not and takes time to appear. In still other cases it never happens. Depends on how fast competitors can enter the market with lower prices if they are not already there. In regards to initial loss of jobs, also true and expected. If the firm purchasing a product has no other supplier, then the higher cost material is going to cost business because their end consumers are going to shift to lower cost suppliers of the product reinforcing what I stated above on how this all works. So was Trump lying or was Trump speaking to the long term effects of Tarriffs vs the immediate short term effect?