Pre-tariff price check at my local Walmart Neighborhood Market on products from Mexico and Canada. If President Trump told voters the truth, these prices should NOT increase. (Maple syrup label says it’s from Canada and the U.S.)

GOLDMAN: “.. We previously estimated that a long-term 25% tariff on imports from Canada and Mexico would raise core PCE prices by 0.7% and hit GDP by 0.4%. We expect to update these rough estimates ..”

Stating the obvious: tariffs are a regressive tax on the poorest Americans.

A company pays the tariff, and raises their prices to get that money. That price is paid by the consumer.

Duh

Feb 2, 2025.