Trump's Tariffs Generate Revenue but Offer Little Relief to Americans
TL;DR Summary
President Trump's tariffs, while generating significant revenue, are acting as a hidden tax on capital, leading to reduced corporate profits, slower hiring, and potential inflation, with businesses absorbing costs rather than passing them onto consumers, raising concerns about long-term economic impacts.
- Trump's tariffs may be bringing in a lot of revenue but they've also been a 'tax on capital, so far,' top economist says Fortune
- Trump’s tariff revenue could help keep the government open. Why isn’t that happening? CNN
- Back-to-back highs: August and September bring in $62.6B in tariff revenue Fox Business
- Fact Check Team: Tariffs and their impact on consumer costs KOMO
- Tariffs may bring a US$50 billion monthly boost to the US government. But ordinary Americans won’t feel the benefit The Conversation
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