Subject: Re: A counter-punch at the Fed
In case anyone is interested in the actual report,
https://doi.org/10.59576/lse.2...


The summary of their analysis is in the last table:
January-August, non-US suppliers paid 6% of amount raised by tariffs, US importers/customers paid 94%
September-October, 8% and 92%
November, 14% and 86%

The last sentence:
"In sum, U.S. firms and consumers continue to bear the bulk of the economic burden of the high tariffs imposed in 2025. "

The governmental reaction is a fine example of shooting the messenger. They decided to go with the "big lie and attack" approach. A more credible spin might have been that "As we promised, the tariffs went into place rapidly, so the economy is now adjusting. Americans are paying a smaller and smaller fraction of the cost as time passes". But of course it's still a tax levied on US importers.

Jim