by Pam Key
Breitbart.com
Republican vice-presidential nominee Sen. JD Vance (R-OH) said Thursday on CNBC’s “Squawk Box” that when then-President Donald Trump imposed tariffs, it did not cause inflation.
Vance said, “So one of the classic examples that economists use to attack, or some economists, I should say, use to attack Donald Trump’s economic policies is the tariffs that he imposed on washing machines and other dishwashers — sorry, on dishwashers. So they show a chart that says, well, look, a few months after this tariff, the price of dishwashers went up a little bit. But if you look over two years, actually the price of dishwashers went down. You induced a lot of American factories to invest in American workers and American-made products. And the price of dishwashers has actually lagged behind the price of a lot of other home appliances. So sometimes when you induce investment and capital formation in the United States of America, it does lower prices on American workers.”