Trump’s China tariffs have not caused Americans to pay $1,000 more a year. Here’s why.

Gail Ross can tell you two things with certainty: Americans, not the Chinese, are paying for President Trump’s tariffs. And second, most of the costs were absorbed by U.S. companies, which is why consumers haven’t seen excessive sticker shock at stores.

Ross is chief operating officer at Krimson Klover, a women’s clothing brand headquartered in Colorado. Like many U.S. business leaders, Ross has a stack of import duty bills on her desk that show the hefty taxes her company has been paying for every item coming from China. She was so frustrated about Trump’s repeated assertion that the Chinese are paying the cost of the tariffs that she made bumper stickers saying “China is paying for the tariffs like Mexico is paying for the wall” and gave them to friends for Christmas.