New research indicates Americans bear 96% of U.S. tariff costs, with foreign exporters absorbing only 4% by lowering prices.
From the comments on the article:
Surprise!!! Tariffs raise taxes on consumers!
And ... the sky is blue, water is wet, and Trump is not a very stable genius.
WSJ:
https://archive.is/lvQHh#selection-1577.0-1581.79
