Trump also didn’t mention something the US dairy industry acknowledges: The US is not hitting its zero-tariff maximum level of exports to Canada in any category of dairy product, so the Canadian tariffs aren’t being applied; with regard to milk in particular, the US isn’t even at half of the tariff-free quota. Trump repeated his frequent false claim that, because of the tariffs he imposed on China during his first term, the US “took in hundreds of billions of dollars” that “they paid.” In fact, US importers, not foreign exporters like China, make the tariff payments, and study after study has found that Americans bore the overwhelming majority of the cost of Trump’s first-term tariffs on China; it’s easy to find specific examples of companies that passed along the cost of the tariffs to US consumers. Trump falsely claimed that, during Joe Biden’s presidency, the US had “the highest” inflation “in the history of our country.” Trump could have fairly said that the year-over-year US inflation rate hit a 40-year high in June 2022, when it was 9.1%, but that was not close to the all-time record of 23.7%, set in 1920.
Author: Daniel Dale
Published at: 2025-04-02 22:40:09
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