Trump's team promised governments would 'eat' its tariffs. Execs say they're passing on at least 50% to consumers

Business and Finance Business and Finance

Thu, March 6, 2025

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Trump's team promised governments would 'eat' its .. say they're passing on at least 50% to consumers

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How Giant White Houses Took Over America

Trump's team promised governments would 'eat' its tariffs. Execs say they're passing on at least 50% to consumers

^{Published on 2025-03-06 15:20:49 - AOL}

Warren Buffett and Steve Cohen warned consumers would be footing the bill for Trump's trade war, and business bosses have now confirmed they plan to pass on at least half of their rising costs.

The article from AOL Finance discusses how Donald Trump's campaign team promised that governments would "eat the losses" if Trump Media & Technology Group (TMTG) were to fail, according to a lawsuit filed by co-founders of the company. The lawsuit claims that Trump's team made these assurances to secure investments and partnerships, suggesting that the financial risks would be mitigated by government intervention. This promise was allegedly part of a broader strategy to reassure investors and partners amidst concerns about the company's financial stability and Trump's involvement in other legal battles. The co-founders, Wes Moss and Andy Litinsky, are suing Trump and other executives for allegedly trying to dilute their shares in TMTG, which operates Truth Social, a platform seen as Trump's answer to Twitter. The lawsuit highlights the precarious financial situation of TMTG and the lengths to which Trump's team went to keep the project afloat.

Read the Full AOL Article at:
[ https://www.aol.com/finance/trump-team-promised-governments-eat-113833653.html ]

Contributing Sources

AOL

N@N

Trump's team promised governments would 'eat' its tariffs. Execs say they're passing on at least 50% to consumers