Jim Tankersley: “President Trump’s tariffs on Chinese imports are forcing Americans to pay more for everyday products. Many economists have shown this. If you look at the appropriate inflation data, like the rising price of imported home furnishings, you can see the effect for yourself.”
“Mr. Trump still does not see it — he continues to claim, incorrectly, that China alone is bearing the costs of his trade war with Beijing. But he admitted at least the possibility that he could be wrong about that on Tuesday, conceding that Americans could start paying more for many products if his latest round of tariffs went through as planned.”
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