Tariffs Catch-All

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The importation of goods by businesses to increase inventories occurred prior to April 1st - Liberation Day. - when the new tariffs went into effect.
 
"That" being the discrepancy between tariffs we're charged and tariffs we charge.

We have 300 million people and we have lots of money. We will have a trade deficit with certain countries indefinitely.
There's always going to be differences in trade. Hint we probably don't buy the exact same thing we are selling to China.

I read about one very poor country that we purchase a lot of diamonds from. This country is so poor they don't purchase much back, so it appears that we have this big trade imbalance. But in actuality there's nothing wrong with it not being dollar for dollar.
 
No, I'm contesting that there isn't still a gap between what we charge and are charged.

I don't trust the go-along-to-get-along beurocrats to do what's best for the country, even after 8 tries.
But you trust a failed con man grifter, who's only rich because of his daddy? A felon that's bankrupted multiple companies?

Wow, I don't know what to say.
 
Treasury Department reports that customs duties revenue for April totaled 16.3 B as compared to 7.1 B last April.

It won’t solve the debt problem alone but it’s a start.
$9 billion is less than a drop in the bucket relative to our debt.

My guess is our annual budget deficit will increase this year, despite all the hoopla.
 
Treasury Department reports that customs duties revenue for April totaled 16.3 B as compared to 7.1 B last April.

It won’t solve the debt problem alone but it’s a start.
This is also attributed to over stocking to beat the tariffs. So, at some point there will be a correction to level out those orders, that month will erase this extra "Revenue".
 
The importation of goods by businesses to increase inventories occurred prior to April 1st - Liberation Day. - when the new tariffs went into effect.
Exactly, they were over ordering to get ahead of the stupid taxes.

Just wait, it will go back down below normal levels. I'm sure that on the year we end up negative, well unless China Rolls trump in the negotiations.
 
I wonder how many companies are going to gamble that the tariffs will be “only” 30% and have factories/suppliers in China go ahead and ship product?
 
But you trust a failed con man grifter, who's only rich because of his daddy? A felon that's bankrupted multiple companies?

Wow, I don't know what to say.
I wouldn't say I trust him. He's a pathological liar. I'd say I support his attempt, if it's authentic, to correct any "wrongs".
 
I agree.
I just haven’t yet seen anyone from the administration articulate what exactly are the wrongs being perpetrated against us. I suspect there is a very good reason for that (because there aren’t any).
Presumably, it was the reciprocal tariffs he rolled out on April 2, right?
 
Treasury Department reports that customs duties revenue for April totaled 16.3 B as compared to 7.1 B last April.

It won’t solve the debt problem alone but it’s a start.
16.3B a month is a start in the same way that scoring a TD down 49 is starting a comeback.

An increase of $10B a month = $120B a year. Meanwhile, the loss of tax revenue from the recession will be far higher than $120B. So we are losing money on the tariffs. A lot of money.
 
My guess is our annual budget deficit will increase this year, despite all the hoopla.
It almost certainly will, because spending isn't down and tax revenue will be.

If a recession hits, tax revenue will utterly plunge. Meanwhile, the GOP is already out there breaking the budget.
 
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