Contrary to Expert Opinion, Is Trump Winning Tariff War? US Collects $47 Bn Extra Customs Levies
10 Articles
10 Articles
'War Is Peace': White House's Navarro Mocked Over Claim Tariffs Are 'Tax Cuts'
Peter Navarro, Senior Counselor to the President for Trade and Manufacturing, says the White House likes “where we’re at” with tariffs—which he insists are “tax cuts,” despite broad disagreement from economists. Navarro also says President Trump’s tariffs have brought in $100 billion in six months, but he also insists that that money is paid by foreign countries. Ultimately, tariffs are generally paid—at least in part—by consumers, as higher pri…
The motives of the US president for his customs policy – whether political, self-interesting, protectionist or mercantilist – vary depending on the mood of the day.
From the claim to Greenland to book bans to his favorite word "customs": revelations and decisions by Donald Trump and his closest environment.
The battle over President Trump's import tariffs isn't over yet, but according to The Wall Street Journal's economic commentator, it's already shaping up...
Trump Tariffs Net Almost $50B in Customs Revenues
Nearly $50 billion in extra customs revenues have been collected through President Donald Trump's tariffs after only two trading partners, China and Canada, fought back. According to data published by the U.S. Treasury, revenues from customs duties reached $64 billion in the second quarter of this year, or $47 billion more than the same period last year, reports Financial Times on Wednesday. China has imposed the most significant tariffs on Ame…
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