In remarks to the press in Iowa and before departing for Iowa, President Donald Trump talked about ongoing trade negotiations with China, and the possibility of enacting further tariffs. But Trump distorted the facts on several points.
A reader sent us a comment regarding the escalating U.S.-China trade dispute.
Tariffs imposed by the Trump administration have a small, negative impact on gross domestic product growth, according to economists, the Congressional Budget Office, the International Monetary Fund and the top White House economic adviser. That contradicts President Donald Trump’s repeated claim that the tariffs have boosted the GDP.
President Trump falsely claimed that the U.S. has “never taken in 10 cents from China” in tariffs, but “now we’re taking in billions and billions of dollars.” The U.S. has collected billions in customs duties on Chinese imports for years, although the amount has increased since the trade war with China began.