Import Prices Prove Trump Tariff Claims False, Up 4.2 Percent Year Over Year

What was said

"Import prices were up 1.9% on the month. Year over year, import prices now up 4.2% versus 2.1%. It proves again that Trump was lying when he said that foreigners would eat our tariffs. The fact that import prices are up by 4.2% means that foreigners aren't eating anything. Americans today are paying 4.2% more to import foreign products, and then on top of that, they are paying whatever's left of Trump's tariffs."

Schiff cited import price data showing a 4.2% year-over-year increase as direct evidence that foreign exporters are not absorbing U.S. tariff costs as Trump claimed. Instead, Americans are paying both the increased import prices and the tariffs on top, contradicting White House assertions that tariffs don't burden U.S. consumers.