#Trump said #grocery & other #prices are starting to come down, & that his policies are bringing down #inflation. In fact, inflation has picked up in the first weeks of his term, & economists almost universally expect #tariffs to further drive up prices.

#FactCheck #TrumpLies #RevengePolitics #economy #recession #TrumpTariffs #Trumpcession #geopolitics #USpol

People had been expecting #Trump to announce high #tariffs, but these numbers are stunning. In addition to a 10% tariff on ALL COUNTRIES, dozens of other countries face extra tariffs between 10 & 50%. That will force some manufacturing back into the US, but will also definitely raise costs for American #consumers & #manufacturers & incite #TradeWars on many fronts.

#FactCheck #TrumpLies #RevengePolitics #economy #inflation #recession #TrumpTariffs #Trumpcession #geopolitics #USpol

#Trump claims that the price #eggs have gone down under his watch after an outbreak of #BirdFlu. But economists warn that #tariffs of the kind that Trump is pursuing are likely to lead to much higher #prices for #consumers. The big question is whether that will translate to persistently higher #inflation.

#FactCheck #TrumpLies #economy #inflation #recession #TrumpTariffs #Trumpcession #geopolitics #USpol

#Trump is cherry picking a lot of high #tariffs that foreign countries charge on American products. But the US has high tariffs on certain products too, like sugar, footwear, apparel & peanuts, a legacy of efforts to protect those industries. The United States charges 350% tariffs on tobacco from many countries, 260% tariffs on Irish butter substitutes & 197% tariffs on Chinese stainless steel kitchenware, for example.

#FactCheck #TrumpLies #economy #tariffs #inflation #recession #Trumpcession

#Trump claims that many countries have targeted the #US w/ “non-monetary barriers,” like currency manipulation, subsidies, exorbitant taxes & theft of intellectual property.

Trump specifically talked about the #EuropeanUnion’s value-added tax, which he has long despised. #VAT rates are common outside of the United States, & the U.S. is actually an outlier for not having one.

#FactCheck #TrumpLies #economy #tariffs #inflation #recession #TrumpTariffs #Trumpcession #geopolitics #USpol

“The #PanamaCanal is not in the process of being restored, & this is certainly not the task that was even discussed in our conversations with Secretary #Rubio or anyone else," #Mulino said.

Asked about Mulino's comments Wednesday, WH Press Sec Karoline Leavitt said during a press conference, "I'm not sure if #Panama has seen what's going on with their own canal."

#FactCheck #TrumpLies #disinformation #Trumpaganda #Trump #USpol #geopolitics

#Trump’s comments were regarding #BlackRock's agreement to acquire 2 ports serving the #PanamaCanal from a Chinese group, CK Hutchinson, as part of a larger $22.8B deal.

#Mulino on Wednesday rejected the notion that the deal came about because of pressure from the #US & he accused Trump of "lying again."

"I reject in the name of #Panama & all Panamanians this new affront to the truth & our dignity as a nation," he said in a post….

#FactCheck #TrumpLies #disinformation #USpol #geopolitics

The #Trump White House on Wed doubled down on taking credit for the #BlackRock deal to place 2 #PanamaCanal ports under #US control.

#Panama Pres José Raúl #Mulino on Wed accused Trump of lying about his claim a day earlier that the US is "reclaiming" the Panama Canal.

"My administration will be reclaiming the Panama Canal, & we've already started doing it," Trump said during his address to #Congress on Tues.

#FactCheck #TrumpLies #disinformation #USpol #geopolitics
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