Catherine Rampell

Yeah.

Yeah.

Yeah.

This is not an isolated example. There are so many industries, business owners, employees who are dealing with this new reality, these new constraints. Trump said China was going to pay the tariff, and that's wrong, right? China will still be hurt, to be clear. China will still be hurt, as will our trading partners.

This is not an isolated example. There are so many industries, business owners, employees who are dealing with this new reality, these new constraints. Trump said China was going to pay the tariff, and that's wrong, right? China will still be hurt, to be clear. China will still be hurt, as will our trading partners.

This is not an isolated example. There are so many industries, business owners, employees who are dealing with this new reality, these new constraints. Trump said China was going to pay the tariff, and that's wrong, right? China will still be hurt, to be clear. China will still be hurt, as will our trading partners.

Because even if, let's say, 100% of the tariff cost gets passed along to American consumers, and I don't think it's going to be quite that, but just for the sake of argument, let's say it's entirely paid by American consumers.

Because even if, let's say, 100% of the tariff cost gets passed along to American consumers, and I don't think it's going to be quite that, but just for the sake of argument, let's say it's entirely paid by American consumers.

Because even if, let's say, 100% of the tariff cost gets passed along to American consumers, and I don't think it's going to be quite that, but just for the sake of argument, let's say it's entirely paid by American consumers.

American consumers will respond to those higher prices by buying less stuff, buying fewer of those special needs toys, fewer cars, fewer appliances, maybe fewer healthy groceries, produce, things like that that get tariffed, coffee, vanilla, whatever. Right. People will buy less stuff. And so that will hurt our trading partners.

American consumers will respond to those higher prices by buying less stuff, buying fewer of those special needs toys, fewer cars, fewer appliances, maybe fewer healthy groceries, produce, things like that that get tariffed, coffee, vanilla, whatever. Right. People will buy less stuff. And so that will hurt our trading partners.

American consumers will respond to those higher prices by buying less stuff, buying fewer of those special needs toys, fewer cars, fewer appliances, maybe fewer healthy groceries, produce, things like that that get tariffed, coffee, vanilla, whatever. Right. People will buy less stuff. And so that will hurt our trading partners.

That will hurt everybody else in the supply chain, the retailers and wholesalers who also depend on bringing in those imports and then ultimately selling them to consumers. So it is true that other countries will be hurt, but so will Americans, the consumers and the businesses out there, whether they're selling toys or anything else.

That will hurt everybody else in the supply chain, the retailers and wholesalers who also depend on bringing in those imports and then ultimately selling them to consumers. So it is true that other countries will be hurt, but so will Americans, the consumers and the businesses out there, whether they're selling toys or anything else.

That will hurt everybody else in the supply chain, the retailers and wholesalers who also depend on bringing in those imports and then ultimately selling them to consumers. So it is true that other countries will be hurt, but so will Americans, the consumers and the businesses out there, whether they're selling toys or anything else.

And Kevin Hassett, who is the National Economic Council director.

And Kevin Hassett, who is the National Economic Council director.

And Kevin Hassett, who is the National Economic Council director.

He went on TV this weekend and I was like screaming at the TV because he said, if you say that it's really only Americans who are paying the cost of the tariffs, why is our phone ringing off the hook from all of these other countries? Clearly, they must be paying the cost of the tariff and will be fine if they're the ones trying to make a deal and negotiate. And it's like, no, you idiot.

He went on TV this weekend and I was like screaming at the TV because he said, if you say that it's really only Americans who are paying the cost of the tariffs, why is our phone ringing off the hook from all of these other countries? Clearly, they must be paying the cost of the tariff and will be fine if they're the ones trying to make a deal and negotiate. And it's like, no, you idiot.