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To: erlayman

Not only that. In as much as we are borrowing so much, income tax revenue is only $2.5 trillion, while imports are valued at about $4 trillion. To get an equal amount of revenue, tarrifs would have to be accross the board at more than 60%. Anyone thinking our trading partners will not respond in kind is dreaming, and if and when our trading partners did respond in kind there will go a big percent of U.S. exports in things such as refined petrolieum products, crude oil and natural gas, cars, integrated circuits, semicinductors, civilian aircraft, aircraft parts, pharmaceuticals, medical devices/instruments, rice, soybeans, wheat, and more. Anyone thinking those “domestic indutsries” would benefit from a U.S. instituted tarriff war is aslo dreaming.


204 posted on 06/15/2024 2:45:47 PM PDT by Wuli
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To: Wuli

Why do you assume revenues must be the same? Think bigger.


207 posted on 06/15/2024 3:22:24 PM PDT by dinodino ( Cut it down anyway. )
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To: Wuli
such as refined petrolieum products, crude oil and natural gas, cars, integrated circuits, semicinductors, civilian aircraft, aircraft parts, pharmaceuticals, medical devices/instruments, rice, soybeans, wheat, and more

Globalist snakes forget there is a domestic market demand for all of those things.

231 posted on 06/19/2024 1:09:37 PM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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