Lower and middle class consumers spend a far higher percentage of disposable income buying basic items. This isn't hard to understand, but our USTR doesn't seem to.
Screenshot of an X post by Stephanie Ruhle responding “This is not correct” to a clip of USTR Ambassador Jamieson Greer saying tariffs are not regressive because most consumption is done by the wealthiest Americans. The embedded image shows Greer speaking live outside the White House on CNBC.
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