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FoggyLake

(222 posts)
Wed Apr 2, 2025, 10:19 PM Wednesday

Why Trump is so keen on tariffs. Every other explanation he gives is a lie.

The money collected from tariffs, like other taxes, goes to the Treasury Department and is used to fund the government's overall budget. In other words, it will wind up in Trump's slush fund, aka the "sovereign wealth fund" he's been braying about.

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Why Trump is so keen on tariffs. Every other explanation he gives is a lie. (Original Post) FoggyLake Wednesday OP
Not true gab13by13 Wednesday #1
It is my understanding that FoggyLake Wednesday #3
In many cases he appears to be mistaking trade deficits for tariffs. Scrivener7 Wednesday #2

gab13by13

(27,397 posts)
1. Not true
Wed Apr 2, 2025, 10:23 PM
Wednesday

the money is paid by the American corporation who will then pass off the additional costs to the consumer.

FoggyLake

(222 posts)
3. It is my understanding that
Wed Apr 2, 2025, 10:33 PM
Wednesday

the government that imposes the tariff collects revenue from it, which should be used for public spending. Perhaps the cost is spread amongst importer, seller, consumer and government. IDK. Maybe there's a government expert who can explain it? Oh wait... he/she's probably been fired.

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