Multiple economic and U.S. government studies have confirmed that tariffs have little impact on inflation and price changes.
On average, countries with higher tariff rates do not have significantly higher inflation rates. Decades of data demonstrates the inability of imports and free trade to substantially reduce inflation, with millions of job losses as the cost. An overreliance on imports and an imbalance of trade can be a cause of higher inflation, especially during global crises when domestic supply is crucial. The long-held myth that globalization keeps prices low has been shattered by decades of evidence and a multitude of economic studies.

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