Top Trump advisor furious about true cost of tariffs being revealed, vows to punish New York Fed for ‘worst paper ever in history’

A top White House economic official on Wednesday blasted independent research on tariffs, dismissing its findings as inaccurate and misleading.

After the New York Federal Reserve released a blog post last week that found Americans are eating the super-majority (90%) of the cost of President Donald Trump’s tariffs, White House National Economic Council Director Kevin Hassett condemned the findings and lambasted the researchers involved in the study.

“The paper is an embarrassment,” Hassett told CNBC on Wednesday.