Trump Tariffs Fuel Rising Costs

Goldman Sachs says 86% of the tariff revenue collected so far has been paid by American businesses and consumers. So just bottom line, Mr. Secretary, do you acknowledge that these tariffs are a tax on American consumers?

No, I don't.

Even though you have companies saying they are going to have to increase prices and given the fact that 86% of these tariffs so far have been paid by Americans. the fact that 86% of these tariffs so far have been paid by Americans.

You're quoting Goldman Sachs.