"Daniel Dale's CNN fact-check of the speech found false claims about who pays tariffs; the U.S. trade deficit with Canada; U.S. wealth; Canada's dairy tariffs gas prices; and previous presidents' tariffs on China.

'The president relied on claims that have been debunked many times before,' the Washington Post's Glenn Kessler wrote overnight."

#Trump #tariffs #economy #LiberationDay #recession #inflation #stupidity
/2

"But now his nonsensical statements 'are determining policy that will increase the costs of goods for many Americans.'

So if Trump's policy is built on 'astonishing historical falsehoods' and 'mathematical sleight of hand,' as Zev Shalev wrote in his Narativ newsletter, news outlets need to keep the facts front and center while also covering all of the market fallout."

#Trump #tariffs #economy #LiberationDay #recession #inflation #stupidity
/3

"To be clear, it's not just journalists asking 'WTF?' Economics professor Justin Wolfers wrote on Bluesky that the 'Incoherent, ill-informed tariffs based on fabrications, imagined wrongs, discredited theories and ignorance of decades of evidence.'"

#Trump #tariffs #economy #LiberationDay #recession #inflation #stupidity
/4