Back to today’s briefing

Story perspectives

Tariffs Less Harmful Than Expected, Supreme Court Reviews Legality

2/10/2026

28 6 Full Breakdown

Summary

Story summary

Federal Reserve Governor Stephen Miran stated that Trump administration tariffs have had a less damaging impact on the U.S. economy than feared, as foreign companies absorb much of the cost.
Miran noted the impact has been muted, despite research showing U.S. households face an annual median cost of about $1,400 due to these tariffs.
The legality of the tariffs is currently under review by the U.S. Supreme Court.

1 of 1

Story summary

Federal Reserve Governor Stephen Miran stated that Trump administration tariffs have had a less damaging impact on the U.S. economy than feared, as foreign companies absorb much of the cost.
Miran noted the impact has been muted, despite research showing U.S. households face an annual median cost of about $1,400 due to these tariffs.
The legality of the tariffs is currently under review by the U.S. Supreme Court.