Despite what Trump says, tariffs aren’t boosting the American economy
In threatening an escalation of a trade war with China over the weekend, President Donald Trump asserted that the tariffs already in place have boosted the economy. “These payments are partially responsible for our great economic results,” he tweeted on Sunday. Economists disagree. “It’s pretty hard to justify the argument that tariffs have strengthened the economy,” said Dan North, chief economist at Euler Hermes North America.