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tariffs
The former president said during Tuesday night's debate that American consumers wouldn't bear the cost of tariffs on imported goods, contrary to expert consensus.
The former president described his proposal to impose tariffs on foreign-made products as a tax that "doesn't affect our country."
Speakers touted the promises of Trumps domestic plans, but experts have near-universal warnings about what they would actually bring.
We need more of this unapologetic President Biden," one social media user declared.
WHAT'S HAPPENING
The U.S. economy boomed last year, despite gloomy predictions. But a trade war could stop that growth in its tracks, economists say.
The bill the Georgia lawmaker got into Democrats' spending package could boost manufacturing, but its success may depend on controversial import fees.
Solar energy companies see an ally in a president-elect who campaigned on generating 100% carbon-free electricity by 2035.
He again falsely claimed that the bill would be covered by tariffs "coming into the country," when tariffs are actually paid by U.S. importers and consumers.
The "small positive effect" of U.S. tariffs was more than offset by rising import costs and retaliatory tariffs, their paper concludes.
Economist Paul Krugman is declaring President Donald Trump a loser when it comes to his pricey trade war with China.
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