PREVIEW. Tariff Impact Absorbed by Corporate Pandemic Profits. Elizabeth Peek recounts the Wall Street Journal's speculation that new tariffs have not yet damaged the American economy because big companies are absorbing the costs. This absorption is possi

PREVIEW. Tariff Impact Absorbed by Corporate Pandemic Profits. Elizabeth Peek recounts the Wall Street Journal's speculation that new tariffs have not yet damaged the American economy because big companies are absorbing the costs. This absorption is possible because these companies already "fattened their margins" by jacking up prices during the pandemic. Companies are also rapidly sourcing imports from places less impacted by tariffs.