President Donald Trump has pressed Walmart and other U.S. firms to absorb tariffs rather than raise prices, but economists warn that consumers may soon bear the brunt.
Key Takeaways
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Businesses have shielded consumers: So far U.S. firms have absorbed most tariff costs, with consumers accounting for only a small share of the burden.
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Consumer costs could spike: Economists project a reversal, with households expected to take on over 60% of tariff-related costs in coming months.
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Tariffs boost government revenue: Federal tariff collections are surging, raising hundreds of billions annually and potentially reshaping U.S. fiscal policy.
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