Despite Donald Trump’s consistent rejection of economic analyses, evidence accumulated over the course of his second term has definitively shown that American consumers are bearing the brunt of his trade tariffs. Nearly a year after the tariffs were implemented, multiple studies, including one by the Federal Reserve Bank of New York and Columbia University, found that approximately 90% of the economic burden fell on domestic firms and consumers, rather than foreign entities. This overwhelming consensus among economists and researchers has been met with dismissal from the White House, with a top advisor even suggesting disciplinary action for the authors of a critical Federal Reserve study.
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A recent Federal Reserve Bank of New York report indicates that American consumers and companies bore the vast majority of the cost of President Donald Trump’s tariffs through late 2025. Contrary to the President’s assertions that foreign countries paid the tariffs, the study found that U.S. entities absorbed nearly 90% of the financial burden. This translated to a significant tax increase for American households, with the tariffs acting as a de facto tax on domestic businesses and individuals rather than foreign entities.
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The statement by the ex-chief rabbi—that arresting Haredi draft dodgers would result in ultra-Orthodox Jews leaving Israel—has sparked a wide range of reactions, many of which suggest that such an exodus wouldn’t be viewed as a loss by many Israelis. The sentiment revolves around the substantial economic burden the Haredi community places on the country.
Many believe the Haredi community’s exemption from military service and their reliance on extensive government subsidies are unsustainable. A large percentage of Haredi men do not participate in the workforce, instead dedicating their time to Torah study, while receiving significant financial support from the state. This, according to many, constitutes a significant drain on the Israeli economy and creates an inequitable system where other citizens bear a disproportionate share of the tax burden.… Continue reading