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CLAIM: Former President Donald Trump said during Tuesday night’s presidential debate that United States tariffs on imports did not cause the record inflation that has occurred under President Joe Biden and Vice President Kamala Harris.
VERDICT: True. Research has repeatedly shown that there is no connection between U.S. tariffs on imports and the ongoing inflation that has gripped the nation’s economy. “We’re doing tariffs on other countries — other countries are going to, finally, after 75 years, pay us back for all that we’ve done for the world,” Trump said. “The tariffs will be substantial in some cases … never took the tariff off because it was so much money — they can’t … they’ve left the tariffs on.”“The timing of the tariffs clearly shows no correlation with inflation, and eliminating tariffs could not plausibly restrain it,” EPI researchers write.
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