But economists at Goldman Sachs estimate that overseas exporters have absorbed just one-fifth of the rising costs from tariffs, while Americans and U.S. businesses have picked up the most of the tab.
Walmart, Procter & Gamble, Ford, Best Buy, Adidas, Nike, Mattel and Stanley Black & Decker, have all hiked prices due to U.S. tariffs
“This is a consumption tax, so it disproportionately affects those who have lower incomes,’' Appleton said. “Sneakers, knapsacks ... your appliances are going to go up. Your TV and electronics are going to go up. Your video game devices, consoles are going to up because none of those are made in America.’’
Trump’s trade war has pushed the average U.S. tariff from 2.5% at the start of 2025 to 18.3% now, the highest since 1934, according to the Budget Lab at Yale University. And that will impose a $2,400 cost on the average household, the lab estimates.
“The U.S. consumer’s a big loser,″ Wolff said.
LONG READ,BUT REVEALING IN IT'S CONTENT.......BACKS UP MY POV....OH BUT, I AM ALWAYS CRYING WOLF AND NOT TO BE TAKEN SERIOUSLY.....THE MICRO MINDSET IS ALIVE AND WELL. WAIT AND WATCH
