New York Fed's Williams says tariff burden falls 'overwhelmingly' on U.S. businesses and consumers
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American consumers and businesses are taking most of the hit from President Donald Trump's tariffs, New York Federal Reserve President John Williams said Tuesday in remarks that counter White House claims. "The tariffs have overwhelmingly been borne domestically — a New York Fed analysis estimates that most of the burden has fallen on U.S. firms and consumers.," Williams said in remarks for a conference in Washington, D.C. "In addition, the tariffs have already meaningfully increased U.S.
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