Trump says tariffs are making America rich, but consumers face higher costs

Reporting cited here

1. documented

   Trump imposed the tariffs as promised, and the incidence evidence puts part of the bill on U.S. households, against the affordability promise. The original IEEPA duties were invalidated, the temporary Section 122 duty expired, and the July 2026 Section 301 regime changed the exposure materially. What that regime costs a household remains unresolved.

   Administration response and economist incidence discussion

   Tariffs as a Household Tax — Audit finding · Cited analysis

2. reported

   The administration argued that tariffs were generating revenue and investment while inflation and wage data contradicted predictions of broad household harm.

   Administration response and economist incidence discussion

   Tariffs as a Household Tax — Administration response · Administration response