Pocan challenges Loeffler on who pays tariffs in House hearing
The short clip shows Wisconsin Rep. Mark Pocan questioning SBA Administrator Kelly Loeffler during a House Appropriations Committee hearing. Loeffler claims foreign exporters pay 80% of US tariffs per Harvard and Richmond Fed studies; Pocan disputes this, stating small businesses absorb costs and pass them to consumers, citing his own engraving business experience with rising aluminum and walnut prices.
Source: UpNorthNews