claim: “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.”
evidence: Fact check: Vance says consumers are 'better off' under tariffs [...] Most economists disagree with this idea. Our previous review of academic studies of real-world tariffs concluded that consumers ultimately shoulder most of the burden in higher prices for goods, and the burden outweighs tariffs’ economic benefits. [...] Are consumers "much better off" after tariffs, as Vance said?