Part 3/9:
A crucial point O'Reilly made is that tariffs are ultimately paid by companies importing goods into the United States, not directly by consumers. For instance, he illustrated that automaker Mercedes-Benz pays tariffs upon arrival of vehicles in U.S. ports. The misconception that consumers bear this cost creates discourse that distracts from the fundamental purpose of the tariffs, which is to strengthen the financial standing of the U.S. Treasury.