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Claim Text
Tariffs tend to be historically a one and done, a bump-up and a one time increase in price levels.
Simplified Text
Tariffs historically tend to be one and done a bump-up and one time increase in price levels
Confidence Score
1.000
Claim Maker
Diane Swonk
Context Type
News Article
Subject Tags
UUID
a1164325-d662-46db-aaac-e85eaa54a851
Vector Index
✗ No vector
Created
February 15, 2026 at 3:37 PM (3 months ago)
Last Updated
February 15, 2026 at 3:37 PM (3 months ago)

Original Sources for this Claim (2)

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Screenshot of https://nytimes.com/2026/02/12/business/economy/americans-pay-tariffs-trump-fed.html
https://nytimes.com/2026/02/12/business/economy/americans-pay-tariffs-trump-fed.html

Research from the New York Fed indicates that U.S. companies and consumers are bearing the majority of tariff costs, contradicting Trump's claims. The study found that 90% of the economic burden fell on Americans through November 2025. This is due to higher prices and the inability of foreign suppliers to absorb the costs.

Screenshot of https://www.pbs.org/newshour/show/as-trumps-tariffs-kick-in-economist-breaks-down-inflation-and-recession-warning-signs
https://www.pbs.org/newshour/show/as-trumps-tariffs-kick-in-economist-breaks-down-inflation-and-recession-warning-signs

Economist Diane Swonk discusses the impact of Trump's tariffs on inflation and the potential for a recession. She highlights concerns about rising prices, stagnating labor markets, and the Federal Reserve's difficult decisions. The interview also touches on the nomination of Stephen Miran to the Fed board.

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