Trump acknowledges for the first time that some tariffs are borne by American consumers, and may launch a "Plan B" to respond to the Supreme Court ruling
2025-11-07 06:19:33
Trump "reversed course" for the first time on Thursday, acknowledging that the costs of his tariffs "may" be borne in part by American consumers, marking a major shift in his long-held "foreign pays" rhetoric. The remarks come at a critical time when the US Supreme Court is questioning the legitimacy of his tariff authority. Trump warned that an adverse ruling by the Supreme Court would be a "catastrophic blow" and said the administration must prepare a "Plan B" response. Despite the shift in position, he still insists that tariff policy as a whole brings huge benefits to the United States and is an important tool for resolving international trade conflicts. (Jin Ten)
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