JUST IN: CBP says new tariffs have generated $500 million in 15 days, far below Trump’s estimates.
At that pace, tariffs would bring in $12 billion a year, according to CNBC.
Discussion
$500 million we didn’t have.
The US government gets more money, but at whose expense? In other words, the US government benefits; but, what proportion of the tax is felt internally vs externally to the US? Point being: does this really help "Main Street" or is it just another way to get them to pay? 🤔
That would be $500 million paid for by US companies to the US government for importing goods coming into the US from other countries. Smart!
12 billion seized by the government