Trump’s collecting record-high tariffs. Who’s paying them? - Washington Examiner
UNITED STATES, AUG 10 – Tariff revenue surged 242% year-over-year to nearly $30 billion in July, but economists warn the economic effects on consumers and growth remain uncertain.
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5 Articles
Trump calls tariff windfall 'so beautiful to see' as cash sails in
President Donald Trump on Monday touted a "beautiful" surge in tariff revenues on imported goods, crediting his administration's trade policies for a flood of cash into the U.S. economy."We're finding hundreds of billions of dollars of cash is pouring into our country now because of tariffs," Trump said during a White House press briefing. "It's so beautiful to see it," Trump said of the record tariff revenues figures, pointing to a $25 billion …
Trump’s collecting record-high tariffs. Who’s paying them? - Washington Examiner
In July, Uncle Sam collected $30 billion in tariffs. That’s a record tariff monthly haul, and President Donald Trump is trumpeting the number as a sign of success for his trade policy. But when the federal government gets richer, it means the private sector gets poorer. Every dime of tax collected by the federal government is money a taxpayer no longer has. So who pays the tariffs? It depends on how literally you mean that question, on which tar…
• The highest tariffs were approved in the last 90 years.
Treasury counts record tariff revenue as White House weighs rebate idea
President Donald Trump keeps boasting about record tariff takings. “We have a lot of money coming in, much more money than the country’s ever seen,” he said over the weekend. Treasury data backs up the surge: nearly $30 billion arrived last month, a 242% jump from a year earlier. Since April, after broad 10% duties and steeper levies, collections have hit about $100 billion. So where does it land? All federal receipts, including tariff revenue, …
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