Fact Check: Donald Trump has no idea how tariffs work

{"Introduction":"The claim that Donald Trump has no idea how tariffs work suggests a lack of understanding on his part regarding the economic tool he frequently employed during his presidency. This claim is often debated, considering Trump's extensive use of tariffs as a key component of his trade policy.","What We Know":"Donald Trump has implemented numerous tariffs during his presidency, targeting countries like China, Canada, and Mexico, with the aim of protecting American industries and reducing the trade deficit 236. His administration has argued that tariffs would encourage domestic consumption of American-made goods and increase tax revenues 2. However, these tariffs have also led to increased prices for consumers and strained international relations 68.","Analysis":"The use of tariffs by Trump indicates an understanding of their basic function as a tax on imports intended to protect domestic industries 26. However, the broader economic impacts, such as increased consumer prices and international trade tensions, suggest a potential oversight or underestimation of their consequences 68. Critics argue that these negative outcomes reflect a misunderstanding of the complex dynamics involved in global trade and the secondary effects of tariffs 8. While Trump's policies show he knows what tariffs are and their intended purpose, the criticisms highlight a gap in understanding their full economic impact.","Sources":["1 PDF Trump Administration Tariff Actions: Frequently Asked Questions","2 What are tariffs, how do they work and why is Trump using them? - BBC","3 What to know about Trump's tariffs and their impact on businesses and ... - AP News","4 Trump vs. the World: Understanding Tariffs and Their Consequences - NY Times","5 Tariffs Explained: Everything You Need to Know as Trump's ... - MSN","6 US Tariffs: understanding Trump's side of the story - Retail Insight Network","7 Understanding the scope of Trump's tariffs so far, in 4 charts - CNN","8 Understanding the Global Macroeconomic Impacts of Trump's Tariffs - HBR"]}