Trump’s senior counselor for trade and manufacturing, insists it’s not a tax increase but a tax cut — echoing the Trump administration’s repeated belief that tariffs will be paid not by American consumers but by businesses in other countries or the countries themselves.

My attempt to make sense of this article makes my head hurts.


https://www.cnn.com/2025/03/31/economy/tariffs-largest-tax-hike/index.html