Trump’s North American Tariffs: Myth Vs. Fact

President Trump's plans for tariffs, including on goods from Canada and Mexico, have left many consumers and investors uneasy. The Onion separates the facts from the myths.

MYTH: Tariffs will revitalize the American auto industry.

FACT: Only the second coming of the Ford Fiesta could do that.

MYTH: Trump has imposed 25% tariffs on Mexico and Canada.

FACT: Actually this is true, no wait it's a myth now, and, fuck, no wait.

MYTH: Tariffs will raise prices.

FACT: It's only possible for prices to rise when a Democrat is president.

Myth: Tariffs will bring back American manufacturing jobs.

Fact: Christ, give it up, Grandpa. The plant has been closed since 1982.

MYTH: Tariffs are taxes.

FACT: Tariffs are the little things: a smile between strangers, the smell of a freshly poured cup of coffee, or the laughter of a child.

MYTH: Tariffs will help crack down on illegal drugs entering at the borders.

FACT: Tariffs will protect the U.S. fentanyl industry.

MYTH: Tariffs may trigger a global recession.

FACT: They have triggered a global recession.

The post Trump's North American Tariffs: Myth Vs. Fact appeared first on The Onion.