If that happens, the U.S. gained - nothing. Except consumers get a new tax. Also, you probably don't believe the FED. But, anyway. "We find evidence consistent with full pass-through occurring within two months of tariff implementation. The pass-through coefficient is around 1.75 on average, suggesting somewhat higher pass-through than predicted by our theoretical measure," https://www.federalreserve.gov/econres/notes/feds-notes/detecting-tariff-effects-on-consumer-prices-in-real-time-20250509.html |