“Anything that you lose on the tariff from the perspective of the consumer, you gain in higher wages, so you're ultimately much better off.”
What PolitiFact found
Surveys have shown that the vast majority of economists believe tariffs’ negative impacts — which include higher costs for consumers — consistently outweigh the benefits. Academic studies bolster those views.
Their words, from the summary they publish with the rating.
In short
J.D. Vance (vice presidential nominee) made this claim around 25 August 2024. PolitiFact (United States) looked into it and published its finding on 29 August 2024, 4 days later. Its rating was “False”.
J.D. Vance has 38 checked claims in this archive. Fact-checking organisations rated 21 of them false or fake, 16 misleading or mixed and 1 true.
Where the claim appeared
Links recorded by PolitiFact. Some posts may have been deleted since.
This check was done by PolitiFact, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.