Heritage Economist E.J. and Tony

Everyone said the sky was falling when Trump implemented tariffs in his first term, and most consumers saw no difference at all. In fact, the price index that measures the overall price level of things we import into this country, so that would be the things on which tariffs were placed, that price index actually fell after Trump implemented tariffs in his first administration.

Everyone said the sky was falling when Trump implemented tariffs in his first term, and most consumers saw no difference at all. In fact, the price index that measures the overall price level of things we import into this country, so that would be the things on which tariffs were placed, that price index actually fell after Trump implemented tariffs in his first administration.

So this idea that tariffs are always passed on in full to the consumer, the record of history as well as economic theory says that that's not the case.

So this idea that tariffs are always passed on in full to the consumer, the record of history as well as economic theory says that that's not the case.