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mahatmakanejeeves

(57,658 posts)
Wed Aug 7, 2019, 10:39 AM Aug 2019

U.S. Collected $63 Billion in Tariffs Through June

POLITICS

U.S. Collected $63 Billion in Tariffs Through June
Treasury’s haul began skyrocketing last year after Trump administration imposed new tariffs in retaliation for what it said were unfair business practices

By Josh Zumbrun
https://twitter.com/JoshZumbrun
JOSH.ZUMBRUN@WSJ.COM

Updated Aug. 7, 2019 7:43 am ET

The tariff hikes approved by President Trump have infuriated Beijing and escalated the U.S.-China trade war, but there has been at least one beneficiary: the U.S. Treasury.

As of June 30, the U.S. government has collected $63 billion in tariffs over the preceding 12 months, according to the latest Treasury data. What’s more, the tariff bounty is on the rise.

The...

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U.S. Collected $63 Billion in Tariffs Through June (Original Post) mahatmakanejeeves Aug 2019 OP
The continued ROBBING of the American consumer..... ProudMNDemocrat Aug 2019 #1
CBO: Tax bill will add $1.4467 trillion to the deficit over the next decade. BeyondGeography Aug 2019 #2

ProudMNDemocrat

(16,808 posts)
1. The continued ROBBING of the American consumer.....
Wed Aug 7, 2019, 10:41 AM
Aug 2019

And where is this money going? Surely not to pay down the National Debt of Budget deficits.

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