"China's Paying for Those Tariffs." The Receipt in Your Hand Says You Are.

Donald Trump says China pays his tariffs. A tariff is a tax collected from the American importer; the New York Fed estimates foreign exporters bore only 6-14% of the 2025 tariff cost, while NBER and Kiel Institute studies put the American share at 94-96%. Marcus rates the claim False and reads it off the receipt.