"Here’s the truth: The Trump tariffs did not cause inflation during his presidency. They will not cause inflation in Mr. Trump’s second term.
When America imposes tariffs on major trading partners such as China or Germany, the Trump tariffs force these trading partners to reduce the prices of their goods sold to us. The American market is too important to their export-dependent economies for them to try to pass along the full tariffs to American consumers.
Over time, as the Trump tariffs bring our manufacturing and supply chains back on shore and American corporations invest more in American workers, real wages and employment rise, likewise moderating any possible inflationary effects."
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