Overwhelming research has indicated tariff revenue has come not from exporters, but rather U.S. importers, and by extension, American businesses and consumers shouldering increased costs. The Federal Reserve Bank of New York found Americans paid for up to 90% of the import taxes. Meanwhile, efforts to close the trade deficit—which Trump noted as the impetus for his tariff policy—had only modest results. Despite about 10 months of steep tariffs, February saw the gap between goods and services the U.S. sold to other countries versus what it bought narrow to $901 billion, according to Commerce Department data. In 2024, the deficit was $904 billion.
This article originally appeared on Engadget at https://www.engadget.com/computing/laptops/the-lenovo-modular-ai-pc-concept-is-a-remixed-dual-screen-laptop-with-hot-swappable-ports-230000158.html?src=rss
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