Inside Trade

September 9, 2024

Grilled on Trump’s tariff plans, Vance won’t say whether consumers will pay more 

By Oliver Ward  / August 26, 2024 at 8:30 AM
Pressed on Sunday to say whether former President Trump’s proposed tariff hikes would lead to higher consumer prices, Republican vice-presidential candidate Sen. JD Vance (R-OH) demurred, declining to say if Trump’s first-term tariff increases had hurt Americans’ finances or if his proposed new duties would – and charging that “economists really disagree” on the inflationary effects of tariffs. Speaking on NBC’s Meet the Press , Vance insisted a tariff “penalizes importers from bringing goods outside the country, into the country...

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