Donald Trump has declared that “billions are flowing into America” due to his latest round of tariff hikes, which took effect August 7. Claiming an economic windfall, Trump said the tariffs will restore jobs and cut trade deficits. However, critics and netizens quickly fact-checked the boast, noting that U.S. importers—not foreign governments—pay the tariffs. Many accused Trump of economic deception, warning that the increased duties—now as high as 41%—could spark inflation and hurt American consumers and industries.
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