Posted on 05/12/2025 5:35:09 PM PDT by AT7Saluki
Receipts from U.S. tariffs hit a record level in April as revenue from President Donald Trump’s trade war started kicking in.
Customs duties totaled $16.3 billion for the month, some 86% above the $8.75 billion collected during March and more than double the $7.1 billion a year ago, the Treasury Department reported Monday.
That brought the year-to-date total for the duties up to $63.3 billion and more than 18% ahead of the same period in 2024. Trump instituted 10% across-the-board tariffs on U.S. imports starting April 2, which came on top of other select duties he had leveled previously.
(Excerpt) Read more at cnbc.com ...
“President Donald Trump’s trade war started kicking in”
This reads like it’s from a high school newspaper. No offense meat to high school students.
Barely pays the interest, if that.
A true GALL stone!
;)
WINNING!
If you saw it lying in the gutter, would you pick it up?
GOOD ONE!
“Barely pays the interest, if that”
It’s a start, I’m sure you have it all figured out. Let’s see your balanced budget plan.
No. I would not pick it up. That would be far too heavy!
Oh, there was a surplus for the month?
Who wrote this drivel ?
“The surplus totaled $258.4 billion for the month, up 23% from the same period a year ago.”
We could cut more than a trillion IF we deported most all illegals they cost this nation a trillion or more every single year after all their incurred costs are added up.
April generally has a surplus. Taxes being due and all.
Rly?
Don’t look a gift horse in the mouth...
I agree and that includes planes from Qatar.
Barely pays the interest? 16 billion per month is pocket change right? We’d probably be better off giving it to Somalia or Ustinkistan so we don’t have to count it.
Please don’t tell Congress. They will just spend it.
BTT
unexpectedly
Perhaps you missed the point.......
Having established a new tax and revenue stream, income taxes can be reduced /S
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