During a press briefing on May 8, 2025, President Trump dismissed concerns that tariffs would lead to increased prices for American consumers. He suggested that companies like Ford and Mattel were only threatening price hikes as a strategy to negotiate better deals with him. Trump labeled tariffs as 'the most misunderstood thing' in business, claiming that their costs are often absorbed by either the country or the companies rather than passed on to consumers, despite widespread expert predictions to the contrary.
I think they're saying that just to negotiate deals with me.
I think they're saying that just to try to negotiate deals with me.
Tariffs are the most misunderstood thing in the world of business.
Oftentimes, the country picks them up. Oftentimes, the company picks it up. The people don't pick it up.
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