Arent the tariffs in the end a sort of tax on the American companies that buy the products? So isn't this 'extra income' just Americans paying more in the end?
There's no "sort of" there. A tariff is literally a tax on imported goods, and companies can't be expected to take on the full burden of these taxes, so they get passed on to the consumer.
Basically Trump decided to raise taxes for everyone. It's no surprise that they're bringing in more money.
It gets passed onto consumers via higher prices. It's a way to pay for tax cuts for the wealthy.
Wow, tens of millions extra. That's surely worth all the impacts it has had on the economy, instead of simply having more realistic taxes on the ultrarich :)
Bringing in $50 million by cutting $2.5 trillion from the economy. Art of the deal.
Don't forget raising the debt by trillions.
Not to speak about long-term trust of your allies and trade partners
"MLN" here clearly being an abbreviation for "May billions"
Alright now show how much was lost
So why does the chart show MLN (million)? And even if it was billions, how does this relate to the trillion lost to businesses in the US?
Because nobody maths anymore
Their fault. Knowing maths is the best defense against banks trying to cheat on you.
Revenue raising is not what tariffs are for. I'm an idiot when it comes to financial matters, but even I know that.
The thing is, if the tarp ffs actually do the job they're supposed to, that extra money to the Treasury GOES AWAY. Either people stop buying that product for the extra money or someone here starts making it.
False. Saddam Hussein did not wear pointy toe elven shoes.
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