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Trump admitted for the first time that some tariffs are borne by American consumers and may initiate the 'Plan B' to respond to the Supreme Court ruling.
On November 7, Trump on Thursday made his first “about-face,” admitting that the cost of the tariffs he implemented “may” be partially borne by American consumers, marking a significant shift from his long-held stance that “foreigners pay”. This statement comes at a critical moment as the U.S. Supreme Court questions the legality of his tariff powers. Trump warned that an unfavorable ruling from the Supreme Court would be a “catastrophic blow,” and stated that the U.S. government must be prepared with a “Plan B”. Despite this change in stance, he still insists that the tariff policy overall brings great benefits to the U.S. and is an important tool for resolving international trade conflicts. (Jin10)