So here’s the irony: tariffs meant to punish China are actually punishing Americans… and the rest of the world’s feeling the chill too

 https://x.com/BarrettYouTube/status/1977637226512269651

Barrett

@BarrettYouTube

So much for “China’s paying the tariffs!” Turns out, it’s American companies and consumers footing the bill for Trump’s new import taxes — and prices are already climbing. Imported goods are up 4%, domestic products 2%, and that’s just the beginning. Everything from coffee to car parts is getting more expensive, and it’s hitting U.S. wallets hard. Harvard researchers tracking over 350,000 products found that foreign exporters aren’t absorbing the costs — U.S. firms are. They’re passing those extra costs straight to consumers, adding even more pressure on inflation while the Fed tries to cool the economy. Trump’s team insists it’s a “transition period,” but economists say the full impact hasn’t even been felt yet. Import taxes have jumped from 2% to 17%, and global trade is already slowing — EU exports to the U.S. dropped 4.4%, Germany’s down 20%. So here’s the irony: tariffs meant to punish China are actually punishing Americans… and the rest of the world’s feeling the chill too. The real question now — how much longer can U.S. consumers keep absorbing it?

6:27 PM · Oct 13, 2025

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https://x.com/BarrettYouTube/status/1977637226512269651