Morning Joe
Morning Joe
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Steve Rattner breaks down who REALLY pays Trump’s tariffs

Posted

July 23, 2025

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President Trump says his new trade deal with Japan will generate massive U.S. profits and lower tariffs, but Morning Joe's economist analyst Steve Rattner says American consumers will end up footing the bill. “This is coming out of the pockets of Americans." He also breaks down why Trump’s pressure tactics may backfire — and how automakers are already absorbing costs that could soon hit buyers directly.

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Steve Rattner breaks down who REALLY pays Trump’s tariffs · Morning Joe · Sentinel