Furniture tariffs take effect as consumers and businesses share costs
Furniture tariffs take effect as consumers and businesses share costs
American consumers are expected to pay more than half of the added costs from U.S. tariffs, according to a Goldman Sachs analysis.
Read the full article on CBS Money
Truth Analysis
Analysis Summary:
The article is mostly accurate, reflecting the consensus that consumers bear a significant portion of tariff costs. There's a slight bias towards highlighting the negative impacts of tariffs on consumers. The Goldman Sachs analysis claim is supported by multiple sources.
Detailed Analysis:
- Claim: American consumers are expected to pay more than half of the added costs from U.S. tariffs, according to a Goldman Sachs analysis.
- Verification Source #1: States that US consumers are footing more than half the burden of new tariffs.
- Verification Source #2: States that U.S. consumers are bearing more than half the cost of tariffs so far, according to Goldman Sachs.
- Assessment: Supported by multiple sources.
Supporting Evidence/Contradictions:
- Source 2: U.S. consumers bearing more than half the cost of tariffs so far ...
- Source 1: As new tariffs take effect, US consumers footing more than half the ...