AP FACT CHECK: Trump’s trade theories don’t hold water

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THE FACTS: This is not how tariffs work. China is not writing a check to the U.S. Treasury. The tariffs are paid by American companies, which usually pass the cost on to consumers through higher prices. One of the theories is that the higher prices will encourage consumers to buy goods made in the U.S. or elsewhere instead.

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 · AP FACT CHECK: Trump’s trade theories don’t hold water By CALVIN WOODWARD and HOPE YEN | May 13, 2019 at 6:37 AM EDT – Updated May 13 at 6:46 AM WASHINGTON (AP) – President Donald Trump cast a fog of misinformation over the U.S. trade dispute with China, floating inaccurate numbers and skewed economic theories as big tariffs kicked in on.

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 · WASHINGTON (AP) – President Donald Trump cast a fog of misinformation over the U.S. trade dispute with China, floating inaccurate numbers and skewed economic theories as big tariffs kicked in on Chinese goods. At stake in the rupture is a trading relationship between the.

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 · AP FACT CHECK: Trump’s trade theories don’t hold water.. "I don’t disagree with that," he said when interviewer Chris Wallace pointed out.

When sizing up the trade deficit, Trump always ignores trade in services – where the U.S. runs a surplus with China – and speaks only of goods. Even in that context, he misstated the imbalance.

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