"When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so... We are right now taking in $billions in Tariffs. MAKE AMERICA RICH AGAIN," Trump wrote in a December 2018 tweet.
Trump is misstating how tariffs work. Tariffs are a fee charged by the U.S. when a good is brought into the U.S. They're designed to make foreign made goods more expensive--thus boosting domestic producers--but that expense, charged to the importer, is typically passed down to American consumers.
"When a car is sent to the United States from China, there is a Tariff to be paid of 2-1/2%. When a car is sent to China from the United States, there is a Tariff to be paid of 25%," Trump tweeted April 9. "Does that sound like free or fair trade. No, it sounds like STUPID TRADE-- going on for years!"
Trump's 25% figure matches up with international trade data: we rate this Mostly True. But economists raised some important details that Trump omitted: Some experts suggested Trump had cherry-picked the facts by singling out "cars" instead of a broader category of automobiles or car parts. The U.S. tariff on light trucks from China is 25%. And Chinese tariffs on American auto parts sent to China are well below 25%. For example, China places a 10% tariff on automobile engines.
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| 2020 Presidential contenders on Free Trade: | |||
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Democrats running for President:
Sen.Michael Bennet (D-CO) V.P.Joe Biden (D-DE) Mayor Mike Bloomberg (I-NYC) Gov.Steve Bullock (D-MT) Mayor Pete Buttigieg (D-IN) Sen.Cory Booker (D-NJ) Secy.Julian Castro (D-TX) Gov.Lincoln Chafee (L-RI) Rep.John Delaney (D-MD) Rep.Tulsi Gabbard (D-HI) Sen.Amy Klobuchar (D-MN) Gov.Deval Patrick (D-MA) Sen.Bernie Sanders (I-VT) CEO Tom Steyer (D-CA) Sen.Elizabeth Warren (D-MA) Marianne Williamson (D-CA) CEO Andrew Yang (D-NY) 2020 Third Party Candidates: Rep.Justin Amash (L-MI) CEO Don Blankenship (C-WV) Gov.Lincoln Chafee (L-RI) Howie Hawkins (G-NY) Gov.Jesse Ventura (I-MN) |
Republicans running for President:
V.P.Mike Pence(R-IN) Pres.Donald Trump(R-NY) Rep.Joe Walsh (R-IL) Gov.Bill Weld(R-MA & L-NY) 2020 Withdrawn Democratic Candidates: Sen.Stacey Abrams (D-GA) Mayor Bill de Blasio (D-NYC) Sen.Kirsten Gillibrand (D-NY) Sen.Mike Gravel (D-AK) Sen.Kamala Harris (D-CA) Gov.John Hickenlooper (D-CO) Gov.Jay Inslee (D-WA) Mayor Wayne Messam (D-FL) Rep.Seth Moulton (D-MA) Rep.Beto O`Rourke (D-TX) Rep.Tim Ryan (D-CA) Adm.Joe Sestak (D-PA) Rep.Eric Swalwell (D-CA) | ||
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