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Klayman: More Leftist Dribble From Hateful Fox News Anchor Chris Wallace!
 
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Newsweek
August 5, 2019
 
"Look at this chart from the Trump Labor Department," the anchor said. "The yellow line shows that the consumer price of tariffed goods has risen dramatically since the president started imposing them." Wallace pointed out to Navarro that the Trump administration's own reporting showed that "on a macro and a micro level that tariffs cause consumer prices to rise."

Trump has repeatedly claimed inaccurately that his tariffs on Chinese goods are being paid by businesses and exporters in the Asian nation. However, as economists and analysts have explained over and over, that's not how tariffs work. The additional levies are paid by importers, when the goods arrive in the U.S. This means the cost of importing the designated Chinese goods is higher, leading businesses to raise prices for consumers.

 
 
 
 
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