【Federal Reserve Meeting Minutes: Tariff Costs Mainly Borne Domestically, Companies Face Pressure to Pass On Costs and Employ Response Strategies】Golden Finance reports that the Federal Reserve has released the minutes from the July meeting, which mentioned that regarding the extent of the impact of tariffs on prices, several participants observed that the evidence so far indicates that foreign exporters have borne only a small portion of the new tariffs, meaning that domestic companies and consumers are the primary bearers of the tariff costs. Some participants, based on information from business contacts or commercial surveys, expect that over time, many companies will have to increasingly pass on tariff costs to end customers. However, several participants also noted that business contacts and survey respondents indicated that they are adopting various strategies to avoid fully passing on tariff costs to customers. These strategies include negotiating with suppliers or changing suppliers, altering production processes, lowering profit margins, strengthening wage controls, or utilizing automation and new technologies to achieve cost-saving efficiencies.