President Trump says that countries have been ripping off the United States for decades. There is some truth to that argument — but also a lot of hypocrisy.

President Donald Trump made a series of false claims about tariffs and trade – most of which he has made before – in the Wednesday speech in which he announced a sweeping set of global tariffs.

U.S. President Donald Trump was poised to impose sweeping new reciprocal tariffs on global trading partners on Wednesday, upending decades of rules-based trade, threatening cost increases and likely drawing retaliation from all sides.