The real burden of tariff policies falls squarely on American consumers and businesses—not on trading partners. Recent analysis shows that when tariffs are imposed, domestic prices rise significantly, which means everyday Americans end up footing the bill through higher costs at retail and wholesale levels.

This dynamic matters for anyone thinking about market conditions ahead. When consumer purchasing power shrinks due to rising import costs, it typically ripples through the entire economy—affecting everything from inflation expectations to asset valuations. For those managing diversified portfolios, understanding these macroeconomic shifts is critical to making informed allocation decisions. The question isn't just about trade politics; it's about how economic policy translates into real purchasing power and investment opportunities.