New report out says 94% of the burden of tariffs was carried by US consumers in most of 2025, it's now down to 86% as importers had to completely rearrange their logstics to avoid tariffs.
Hassett insists the paper is the worst he's ever seen, would fail a first year Econ class in college, and "the authors should be disciplined". Said it's being used to falsely paint a picture that doesn't capture the full impact of Trumps' wonderful tariff policy and they should not be allowed to do this unchallenged.