Tariffs Alone Won't Solve the National Debt Crisis
TL;DR Summary
President Trump claims that tariff revenues will significantly reduce the US's $37 trillion debt and possibly fund a dividend for Americans, but Treasury data shows tariffs only cover a fraction of interest payments, making meaningful debt reduction unlikely in the near term.
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- Tariffs Won’t Bridge the Fiscal Gap National Review
- When the next recession hits, whoever is president will face intense pressure to cut tariffs, so don’t rely on them for revenue, top economist says Yahoo Finance
- The Illusion of Fiscal Relief: Trump's Tariffs and the Mirage of Unconventional Revenue Streams AInvest
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