Trump acknowledges for the first time that the cost of tariffs is "partially" borne by American consumers, warning that an unfavorable ruling from the Supreme Court will trigger "Plan B."

On Thursday, U.S. President Trump publicly acknowledged for the first time that American consumers "may" bear "some" of the higher prices resulting from the tariffs he implemented, marking a significant shift from his long-standing assertion that "foreigners pay." This statement comes as the U.S. Supreme Court questions the legality of his use of executive power to set tariffs. Trump had previously warned that any ruling stripping him of his tariff powers would be "catastrophic." He stated that if the ruling is unfavorable, his administration must immediately initiate some sort of "Plan B" to respond, claiming that this move would have a "devastating impact" on the United States. (Jinshi)