Balls and strikes: 1. The supplier and buyer can eat tariffs under 10%. That's what we've seen to date and why inflation has spiked (but has ticked up modestly). 2. Tariffs over 10% are passed on to the consumer and are inflationary. @RealPNavarro needs to be put on the bench on this issue. 70%+ of merchants are saying tariffs negatively impact them, and Navarro's gaslighting of them is not helpful. Please let @howardlutnick and @SecScottBessent communicate this stuff @POTUS. THANK YOU FOR YOUR ATTENTION TO THIS MATTER! -- JMC