Trump-Harris debate updates: Candidates go on attack in zinger-filled showdown

Fact Check: True, but needs context

Trump has proposed a universal "10-20%" tariff on all U.S. imports, from cars and electronics to wine, food products and many other goods. He has also proposed a 60% tariff on imports from China. Vice President Harris called the plan "Trump’s sales tax," though the former president has not explicitly proposed such a tax. Independent economists, however, say the proposed import tariffs would unquestionably result in higher prices for American consumers across the board (Tax Foundation, American Action Forum, Tax Policy Center, Center for American Progress, Peterson Institute)>.

4:26

Trump discusses tariff proposal

Donald Trump is asked about his proposal for tariff's on foreign imports across the board.

ABCNews.com

The precise financial impact on families is hard to predict and estimates vary widely – from additional annual costs per household of $1,700 to nearly $4,000, depending on the study.

Trump has not called for any tax hikes for American families. He has proposed exempting Social Security benefits and tips from taxation, as well as extending individual tax cuts enacted in 2017.

Trump just praised the Supreme Court. That's not going to be a popular position. According to 538's average, only 37% of Americans approve of the Supreme Court; 54% disapprove.

—538's Nathaniel Rakich

Trump claimed that 80, 85, or even 90% of Americans say the economy was better under his watch. But that's not true. While people feel warmly about the economy under Trump, the share isn't nearly that high. According to a YouGov/CBS News poll from March, 65% of Americans thought the economy was good under Trump, while 28% thought it was bad.

—538's Nathaniel Rakich

Fact Check: False, but it was very high

It’s true that early in Biden’s presidency, the annual inflation rate peaked at roughly 9% (June of 2022), but that’s not the highest it’s ever been. There are several examples of the inflation rate being much higher than 9% in the U.S, including in the immediate aftermath of WWII and during the oil embargo and shortages of the late 70’s and early 1980s. But, there are several examples of the inflation rate being much higher than 9% in the U.S., including in the immediate aftermath of World War II and during the oil embargo of the late 70’s and early 1980s when the inflation rate peaked at 14.5%. The inflation rate as of July 2024 is at 2.9% annual inflation, the lowest it has been in 3 years. It should also be noted that President Biden has falsely claimed that he inherited a high rate from his predecessor. In fact, inflation was at 1.4 percent when he took office.

*Data for this fact check was gathered from Federal Reserve Bank of St. Louis, or St. Louis Fed