Trump told reporters yesterday he was delaying some tariffs on China to ensure it didn’t affect the cost of Christmas shopping in the U.S. https://t.co/aPmY4mXOIN— Rebecca Ballhaus (@rebeccaballhaus) August 14, 2019
Peter Navarro: "For Christmas, the president basically will not be putting tariffs on some key products, so we have an inflation-free Christmas." #GeeThanks pic.twitter.com/yEW1tARmFe— Aaron Rupar (@atrupar) August 14, 2019
So which is correct? Do tariffs cause inflation, or do tariffs cost China billions and the U.S. nothing?
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