Overview
- An Associated Press fact check disputes key claims in the president’s Wall Street Journal op‑ed, citing cherry‑picked inflation figures and research estimating the tariffs lifted overall inflation by roughly three‑quarters of a percentage point.
- The AP highlights Harvard research showing U.S. consumers bore about 43% of tariff costs with most of the remainder absorbed by U.S. firms, contradicting the assertion that foreign producers paid at least 80%.
- Economic data show a weak first quarter of 2025 as importers front‑loaded purchases before tariffs, followed by rebounds to 3.8% growth in Q2 and 4.4% in Q3, helped by lower imports and strong spending.
- A new Marist poll finds 56% of Americans say tariffs harm the U.S. economy, with sharp partisan splits over their impact and over policy priorities such as lowering prices.
- The Wall Street Journal editorial board calls the duties a tax that hurts growth, while Trump defends them in the Journal, as the Supreme Court prepares to rule on his use of emergency authority to impose tariffs.