Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Trump admitted for the first time that some tariffs are borne by American consumers and may initiate the 'Plan B' to respond to the Supreme Court ruling.

On November 7, Trump on Thursday made his first “about-face,” admitting that the cost of the tariffs he implemented “may” be partially borne by American consumers, marking a significant shift from his long-held stance that “foreigners pay”. This statement comes at a critical moment as the U.S. Supreme Court questions the legality of his tariff powers. Trump warned that an unfavorable ruling from the Supreme Court would be a “catastrophic blow,” and stated that the U.S. government must be prepared with a “Plan B”. Despite this change in stance, he still insists that the tariff policy overall brings great benefits to the U.S. and is an important tool for resolving international trade conflicts. (Jin10)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)