Donald Trump has said all of our problems are going to be solved by tariffs. And so I researched that a little bit. The economist noted that if his tariff policy was going to be implemented, it would add 1% to every single consumer good in this country. It would, quote, inflict significant collateral damage on the US Economy. It would cause decreased consumer spending, increased unemployment rates and worse economic growth. Facts matter. (14:55–15:08)
CLAIM
Asserts that Trump's tariff policy would increase consumer goods prices by 1%.
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