CLAIM: Minnesota Gov. Tim Walz (D) claimed that then-President Donald Trump lost a trade war with China.
VERDICT: FALSE. Trump actually won the trade war, raising tariffs without raising prices and showing the resilience of the U.S. economy.
Walz attacked Trump’s trade policy during the vice presidential debate on CBS News in New York City on Tuesday. However, he used a false talking point that distorted the history of what actually happened with Trump’s tariffs.
Many conservatives, accustomed to free-trade policies, were skeptical when Trump fought a trade war against China, raising tariffs on a range of Chinese goods. Economists predicted inflation; experts said Trump was making a mistake.
The opposite happened. Prices stayed stable. Inflation stayed low. China retaliated, but American producers
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