Wall Street Journal: “President Trump’s new levies, which have pushed the country’s tariffs to their highest levels in decades, are typically paid by importers when goods reach U.S. ports. So there is little mystery about who makes that first payment. It is often a manufacturer, a logistics or customs broker, or in some cases a retailer itself that ordered the shipment.”
“But economists and others have been watching for signs of who will ultimately bear the cost. Would it be foreign suppliers, by cutting prices on the front end, or consumers, by paying higher prices at the checkout stand? Or would the U.S. businesses that sit in between shoulder the burden?”
“It is becoming increasingly clear that U.S. businesses, from General Motors and Nike to the local florist, are absorbing much of the costs for now.”
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