Posted on 04/29/2025 2:35:03 PM PDT by Jacquerie
Tariff revenue spiked in April as President Donald Trump's "Liberation Day" import taxes went into effect.
The government collected $15.9 billion in tariff revenue in April so far, compared to $9.6 billion in all of March.
The tariffs were partly devised to raise money to fund the government, but economists warn they could also push up the cost of living.
President Donald Trump's tariffs have become a financial reality at the nation's borders.
Trump's stated goals for his import taxes include raising revenue to fund the government, restoring U.S. manufacturing by protecting it from foreign competition, and pressuring foreign governments to make trade deals favorable to the U.S.
(Excerpt) Read more at investopedia.com ...
Imagine if we lived in Bammy's fourth term.
buy American...no tariffs!
The deficit this year will be AT LEAST $1.8T. T as in Trillion, not billion.
Celebrating a few 10s of billions per month is NOTHING. That money will be swallowed effortlessly by about 2 months of interest on the national debt. Then the other 10 months add to the debt.
We need to do something to reduce the national debt. Congress will do nothing.
That’s basically everybody. Go try to find yourself a television set made in America. Good luck.
Idiots. Government revenues are dropping, and government spending is up sharply. The Treasury drastically increased their borrowing estimate for the coming quarter because of the incompetent administration’s failed policies on spending and taxes, including the utterly moronic self-destructive tariffs.
RCA TVs were made in America, back in the 70s.
Nice cabinets, made in Indiana.
Back when a color TV cost about 3 months salary and was a significant household expense.
We need to do something to reduce the national debt. Congress will do nothing.
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Trump throughout his career made a point of saying “I’m not afraid of debt, because I have assets too.”
He recently talked about US wealth in minerals and land etc.
It’s a nice try, but that fails. Compound interest on the debt will outrun any sales process of those assets — and of course the buyer will be trying to get a good deal and pay lower.
And then the next thing ppl say is . . . just default. Tell China to go hang.
Doesn’t work that way. There is no international bankruptcy court that can expunge debt. And beyond that, only 30% of our debt is held internationally, and China is not the largest holder among that 30%.
So if you try to default, you screw the 70% of that debt held by Americans. They suffer the loss. Of their net worth.
The only thing we will hear from governement about all this is . . . one by one . . . “I told you years ago this was a problem and no one listened to me. Since I knew this and said this, I should be re-elected.” They will have no answer. They will have only campaign strategy.
Or do you have a better idea
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Nope. I don’t. Neither does anyone else. It is an unsolvable problem. What we should be thinking about is who will have food to eat as the devastation arrives.
Y’all fail to ignore why we have this problem,
Democrats vote.
Until we can fix that, this ship is going down.
I won’t save a single Democrat.
I have an answer: hold spending constant and wait. Growth in the economy will provide a surplus in less than 5 years.
Nice cabinets, made in Indiana.
He’s always negative.
Trump hasn’t got the tax cuts through yet which will RAISE revenue.
So much of the spending cuts by DOGE have been held up in the courts. The Dems are benefiting from fraud and illegals which waste a lot of taxpayer dollars. Their media allies are misrepresenting any and all cuts in spending from fraud as substantive cuts to legitimate beneficiaries.
We still have to wait for benefits from reduced regulation and on-shoring manufacturing which should increase economic growth and tax revenue.
Both numbers are pathetically low. I don’t mind if we collect zero tariffs from countries that reciprocally are completely open to American enterprise (including legal rights) with equally zero tariffs. Trump is also correct to factor for currency manipulation.
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