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$15 Billion And Climbing: Trump’s Tariffs Deliver Record High Revenue

Hans Blaster

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Vambram

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It was a series of facts:

Tariffs are taxes.
They increased.
They were 100% created by Trump.
They are not authorized by the law.
Seems to me that all federal judges are not in full agreement with you that these tariffs are not authorized by the law.
 
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Gene2memE

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US CPI change (% year-on-year, not seasonally adjusted), 12 months to May-2025

CPI.png

During this period, the US GDP decreased by 0.3%, equivalent to $83 billion. In other words, we gained $73 billion but lost $83 billion.

The US didn't even gain $73 billion. The difference between 2024 tariffs for the year to date and 2025 tariffs is only $32.6 billion.

The current estimates (from the Yale Budget Lab) are that tariffs will lead to a 1.6% increase in real prices in 2025 - or an extra cost of just over $2,000 for the average US household. Once all the substitution effects have kicked in (expected to take 3-5 years), this is expect to drop to a loss of $1700 per household.

The other thing to remember is that tariffs are going to hit the poorest households the hardest. The impact on the bottom 10% of income earners is estimated at 2.8% of income, while the impact on the top income earners is estimated at only 0.8% of income.
 
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Hans Blaster

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Seems to me that all federal judges are not in full agreement with you that these tariffs are not authorized by the law.
Maybe you can find the part of the Constitution that permits a President to raise taxes, or of the emergency statute that allows the altering of tariffs.
 
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GoldenBoy89

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Landon Caeli

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People who have no idea how science works still feel that their opinions are fully informed and well thought out.


Go figure.
Pheh!!!
 
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Always in His Presence

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Hans Blaster

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Always in His Presence

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That's not how "economy" works. Collecting $83 billion in extra taxes doesn't "add to the economy."
  • Tariffs are a progressive policy that reverse the negative economic effects of free trade, creating good-paying jobs, boosting working-class income, and reducing income inequality.

 
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Landon Caeli

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Hans Blaster

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  • Tariffs are a progressive policy that reverse the negative economic effects of free trade, creating good-paying jobs, boosting working-class income, and reducing income inequality.
Who are these loons?
 
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essentialsaltes

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GoldenBoy89

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You don’t know why adding 83 billion into our economy is a good thing?
I’d like for you to explain it. If you can. Where is this money going, specifically?

“Into the economy” is a meaningless statement.
 
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GoldenBoy89

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That's why the California sales tax makes the California economy bigger!

California generated $52 billion in extra economy in FY2022
Here I thought all that extra gas tax we pay in CA was a drain on our wallets. We’re actually growing the economy with our taxes!
 
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essentialsaltes

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I’d like for you to explain it. If you can. Where is this money going, specifically?

“Into the economy” is a meaningless statement.
Especially when where it is going is the US Treasury.
 
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Say it aint so

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  • Tariffs are a progressive policy that reverse the negative economic effects of free trade, creating good-paying jobs, boosting working-class income, and reducing income inequality.
Your article is from 2024 and that dark money group are not economists.
From the CBO in a newer article from your sourced website: Slower productivity. More expensive products.

CBO’s assessment is that the changes in tariffs will reduce the size of the U.S. economy. That effect would differ year by year; on average, from 2025 to 2035, the tariff changes would reduce the rate of real growth in gross domestic product (GDP) by 0.06 percentage points per year. By 2035,
CBO estimates, the level of real GDP will be 0.6 percent lower than it was in CBO’s economic forecast from January 2025. That reduction in output reflects both negative and positive effects: the negative effects of higher tariffs through channels such as reduced investment and productivity, and the positive effects of additional revenues from tariffs, which would reduce federal borrowing and increase the funds available for private investment.
The increases in tariffs will make consumer goods and capital goods (the physical assets that businesses use to produce goods and services) more expensive, which will reduce the purchasing power of U.S. consumers and businesses. Those increases in costs will put temporary upward pressure on inflation. In CBO’s estimation, the policies analyzed here will increase the average annual rate of inflation, as measured by the price index for personal consumption expenditures, by roughly 0.4 percentage points over 2025 and 2026 relative to the agency’s January 2025 economic forecast. As a result, by 2026, the level of that price index will be 0.9 percent higher. After 2026, the tariffs will not have additional significant effects on prices

Again, it's a tax increase. Taking away the tax cuts from the rich and corps would create the same revenue increases seeing its the very same thing.
 
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Larniavc

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Especially when where it is going is the US Treasury.
And from thence into contracts for Trump's corporate allies.

Syphoning money from the wallets of the working classes and concentrating it in the coffers of the owners of the means of production. It is the most remedial yet effective slight of hand yet seen in the 21st century.
 
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