Ben Steele
Senior fellow and director of international economics at the Council on Foreign Relations, providing expert analysis on who bears the cost of tariffs and their macroeconomic effects.
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Mar 29, 2026 • 18min
After Liberation Day: Who is footing the tariffs bill?
Thomas Philipson, former Council of Economic Advisers chair, offers the political rationale behind the tariff push. Ben Steele, CFR international economics director, analyzes who ultimately bears tariff costs and macro effects. Rick Waldenberg, founder of Learning Resources, describes supply chain pain, higher costs and legal fights. They probe collection mechanics, pass-through dynamics and the wider inflation impact.
