"We find that nearly 90 percent of the tariffs’ economic burden fell on U.S. firms and consumers." https://libertystreeteconomics.newyorkfed.org/2026/02/who-is...

"we find that tariff increases are associated with an economically and statistically sizeable and persistent decline in output growth" https://pmc.ncbi.nlm.nih.gov/articles/PMC7255316/

"Overall, the evidence implies that tariff increases depress economic activity and trade once their indirect and general-equilibrium effects are taken into account." https://www.nber.org/system/files/working_papers/w34852/w348...

Hey, but the vibes of the consumer, right? Except the vibes of the consumer is at an all time low ( https://www.pewresearch.org/politics/2026/02/04/a-year-into-...) With a notable exception being republicans, i.e., the death cult who screamed "No New Wars!" and "Kamala will start WW3" and are not sucking off daddy Trump's Iran war.