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To: central_va
Annual imports = $2.4T. 25% = $600B. The average deficit over the last 20 years is around $600B

Current deficit is pushing $1 trillion. And you have to remember that the purpose of tariffs is not to produce revenue so much as to decrease imports. So if your tariff is successful then the revenue it raises should go down over time.

41 posted on 06/24/2018 5:14:04 PM PDT by DoodleDawg
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To: DoodleDawg
And you have to remember that the purpose of tariffs is not to produce revenue so much as to decrease imports.

Who sad that? Not me. Tariffs can be justified as a superior revue collection mechanism, far superior to the income tax..

42 posted on 06/24/2018 5:16:17 PM PDT by central_va (I won't be reconstructed and I do not give a damn)
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