Reference News Network, November 7 report - According to Reuters, November 6 report, U.S. President Trump acknowledged on the 6th that due to his tariff policies, American consumers are facing higher product prices. Although he still insisted that the policy has overall benefited Americans, this statement marks a shift in his stance on tariffs.
Since taking office, Trump has always used tariffs as a tool for diplomatic and economic coercion. He has consistently claimed that tariffs have increased the U.S. treasury revenue. However, economists say that consumers are actually the ones bearing the burden of tariffs.
When asked whether he agreed that Americans are paying for the tariffs, Trump said: "No, I don't agree. I think they may have paid some cost, but from the overall impact, Americans are gaining significant benefits."
For months, Trump has repeatedly emphasized the view that "other countries pay the tariffs."
Trump said that tariffs are a tool he uses to end conflicts with other countries and secure economic fairness for the United States. In response to the possibility of the U.S. Supreme Court ruling against him, he said, "If tariffs are removed from my toolkit, it would be a devastating blow to our country, but we must also develop a 'second plan,' we'll see."
Translation by Wang Dongdong
Original article: https://www.toutiao.com/article/7569970175961727497/
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