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EconomyForeign Policymediumtariffs-lower-prices
“Tariffs will lower prices and bring manufacturing home!”
What You Say
Tariffs are taxes on imports — and importers pass costs to consumers. CRS and Tax Foundation analyses of Trump-era tariffs found billions in higher prices for American households and retaliatory hits on U.S. farmers. Manufacturing didn't flood back; supply chains shifted to Vietnam and Mexico while you paid more at the store.
The Stab
Tariffs don't lower prices. They lower your bank balance.
Sources