US Tariff Revenues Reach Record $15.9 Billion in April: Treasury

[shockedcanadian]

What do you all think? Is this good or bad?

Approx. $190B a year added to the treasury.

US Tariff Revenues Reach Record $15 Billion in April: Treasury

This is below President Donald Trump’s estimate of $3 billion per day.

www.ntd.com

As President Donald Trump’s trade policies take effect, record tariff revenues have begun flowing into U.S. government coffers.


According to the April 24 Daily Treasury Statement, revenues from “customs and certain excise taxes” reached an all-time high of $15.9 billion in April, up 105 percent from a year ago.


Most of the increase occurred on April 22, when $11.69 billion was collected.


Last month, Customs and Border Protection (CBP) stated that the agency instituted 13 tariff-related presidential actions and collected more than $200 million in related revenues.

“CBP is working closely with other government agencies to implement ‘Liberation Day’ announcements and will continue to provide detailed guidance to promote compliance and uniform enforcement across the nation,” the CBP said in a statement.


“Serving on America’s frontline, CBP strictly enforces all laws and Presidential directives to secure our economic sovereignty and is fully equipped and ready to collect duties owed for goods subject to tariff and small packages.”


These figures are lower than Trump’s recent estimates.


During an April 14 meeting with Salvadoran President Nayib Bukele, Trump said the United States was “taking in billions and billions of dollars” from his trade measures.

 

[Crepitus]

So tell us, who pays the tariffs?

 

[shockedcanadian]

The importer and often the exporter.

Take Wal Mart for instance. They will demand that the exporter eats some of the tariff. They may eat some themselves, and/or pass on to customers.

However, if such products at 145% from China become uncompetitive. People will buy from other nations of export, or local of course.

Considering how much the CCP fund so many of their companies you can imagine how much China has to pay directly in their efforts to maintain market share and to eventually try and form a monopoly. That always seems to be their objective.

 

[Captain Caveman]

So tell us, who pays the tariffs?

Those that buy those specific items that have increased due to tariffs. Which items are those? If it's a Chinese spanner, why not buy a Snap-on one made in the USA, it's the same price it has always been.

 

[Crepitus]

Those that buy those specific items that have increased due to tariffs.

The term you are avoiding is "Americans".

And a portion of Snap-On tools are now made in china, BTW.