Donald Trump’s Tariff Fantasies

MEL GURTOV – Donald Trump thinks the world of tariffs. But Vice President Kamala Harris referred to her opponent’s tariff policy as a “Trump Tax.” She’s right: Several independent studies have found that the new tariffs, if implemented, would raise costs for the average middle-class family anywhere between $1,350 and $3,900 a year. And J.D Vance claimed that when Trump was president and raised tariffs on Chinese goods, “prices went down for American citizens. They went up for the Chinese but they went down for our people.” Totally wrong. In fact, the American Chamber of Commerce in Beijing opposed Trump’s tariffs precisely because US importers would have to pass along higher prices to consumers, making their goods less competitive. But Trump wasn’t listening.