Donald Trump, campaigning for president: “Inflation will vanish completely.”
Today, on Marketwatch:
Because the U.S. gets the majority of its imported oil from Canada, high tariffs on Canadian imports will “impact all industries directly or industry and trigger inflation pressures, which [are] already a concern for the U.S. economy,” according to a recent Dun & Bradstreet analysis of the potential impact of U.S. tariffs on Canada and Mexico.
Only fools believe him. Does the president know how this inflation thing works? This country is a net exporter of petroleum products, meaning we export more than we import. That’s a good thing.
Here’s how much gas could cost you if Trump’s threatened tariffs go through