Economists warned during the 2024 election season that Trump's tariffs would raise prices and reignite inflation, which has accelerated from 2.3% in April when Trump announced his massive tariffs to 3% in September. But they nevertheless met with broad approval from Fox News personalities over the past year.
The network fully endorsed Trump’s “Liberation Day” messaging of much higher tariffs on imports, with nearly 100 Fox personalities and guests cheering them on for a week before the president paused them for months.
Fox personalities also repeatedly defended Trump’s tariffs and dismissed their contribution to increased prices. As economists this summer explained that Trump’s tariffs were beginning to show up in inflation data, Fox Business hosts Maria Bartiromo and Jackie DeAngelis and guest Art Laffer denied any tariff impact on prices.
Many at Fox were also dismissive of the impacts of Trump’s tariffs on the auto industry, where they were projected to raise car prices by thousands of dollars and have cost automakers billions.
Fox’s coverage of Trump’s tariffs has been so warped that a Media Matters study covering August showed viewers of Fox Business’ flagship morning program, Mornings with Maria, were simply never told that tariffs were taxes paid by American businesses and consumers.
They were also fairly frequently told what a great source of revenue Trump’s tariffs were — and rarely informed that the tariffs were contributing to higher prices they were paying.