NRF study: Trump tariff proposals could cut Americans' annual spending power by $78 billion
"A tariff is a tax paid by the U.S. importer, not a foreign country. This tax ultimately comes out of consumers’ pockets through higher prices.”
"A tariff is a tax paid by the U.S. importer, not a foreign country. This tax ultimately comes out of consumers’ pockets through higher prices.”
“These numbers show the continued resiliency of the American consumer,” NRF's Kleinhenz said.