Reality Check
Examining the economic impact of tariff policies with data-driven analysis
Fact Check #1
The Claim:
Tariffs only hurt foreign countries
The Reality:
Tariffs are ultimately paid by American consumers through higher prices
Economic Impact:
The CBO estimates a 20-30% cost increase on affected goods
Source: Congressional Budget Office
Discussion
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Consumer Costs
Average households paid $1,300 more annually under previous tariff rounds
Economic Impact
Previous tariffs correlated with slower GDP growth and manufacturing declines
Employment
For every job created in tariff-protected industries, multiple downstream jobs were lost