Trump Exaggerates Tariff Revenue

Trump Exaggerates Tariff Revenue

Este artículo estará disponible en español en El Tiempo Latino. Treasury Department data show that revenue from tariffs on imported foreign goods increased substantially in April and May, setting monthly records. But the total is less than half the figure President Donald Trump has cited. At least twice this month, the president has wrongly claimed that the U.S. “brought in $88 billion” from tariffs in “two months.” We asked the White House for …

How to Make Tariffs Work for National Security, Enforcement, and Revenue - Coalition For A Prosperous America

KEY POINTS Ad valorem (AV) tariffs—percentage-based duties applied to the declared import value of a good—are effective at generating revenue. However, due to weak customs valuation laws, AV tariffs are especially vulnerable to trade fraud when applied to goods of low-value that are imported at high volumes.Specific and compound tariffs can offer a solution in these situations, as they are applied as fixed per-unit char…