The argument's over: Americans pay for tariffs

The Trump administration conceded this weekend what economists, CEOs and consumers already knew: Americans pay for tariffs. Why it matters: Nearly a decade of Trump trade arguments held that foreign countries, not Americans, paid the ultimate cost of a trade war. But the president and his economic team now acknowledge that tariffs are raising prices for everyone, from industrial ports to retail storefronts. The big picture: Trump's sweeping...