Trump says his tariffs could bring in trillions in revenue. Economists disagree.

2 years ago by Lee Duna to c/world

Experts estimate far lower figures in tariffs revenue, warning that President Trump's tariffs could drive up prices for American consumers.
ShadowRam 36 points 2 years ago

Ya know, to make money on Tariffs there needs to be a lot of trade going on.

But your Tariffs are killing the trade...

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VeryInterestingTable 15 points 2 years ago

Just increase tariffs to compensate for the decrease in trades. /s

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Mac 7 points 2 years ago

No doubt he's writing that down as we speak.

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shawn1122 4 points 2 years ago

When he applied tariffs to washing machines in 2018, people stopped buying. Demand and production decreased resulting in domestic job losses.

Now, not everything is not a washing machine, but that doesn't bode well.

Anyone who thinks this is just a shortcut to prosperity needs to look at history. In a country that expelled the Democrats due to affordability issues, this is not going to end well.

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SpaceRanger13 21 points 2 years ago

I may have missed it, but has anyone asked this tangerine buffoon to show his work? How does anyone believe this will bring in trillions? What data or evidence are they using to justify those numbers or any bogus claim that it will help the US. I dunno if it's irony, but in this instance facts don't care about your feelings. Unless they have some hard evidence then it's just this travesty of an administration governing by their feelings.

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alt_xa_23 25 points 2 years ago

Evidence? Data? That sounds like woke liberal nonsense /s

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Coldcell 15 points 2 years ago

A political party outright said their stance is "anti-science" and against truth and facts.

And then half the voters were like "yup, sounds good".

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WhatAmLemmy 5 points 2 years ago

That's called mental-illness

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greyfox 4 points 2 years ago

"The party told you to reject the evidence of your eyes and ears. It was their final, and most essential command." - George Orwell, 1984

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lydon_feen 16 points 2 years ago

Oh it will bring trillions alright.

Trillions of loss to the American economy.

Good luck americans!

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Fredselfish 3 points 2 years ago

Dumb fuck still thinks the country pays rhe tariffs, he just that fucking stupid.

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Mearuu 16 points 2 years ago path: 0 16205414, hotness: undefined, score: 16, children: 1
msage 2 points 2 years ago

Hey, Deepseek needed way more time for half of that!

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Tronn4 10 points 2 years ago

Musta been a doge "expert" telling him with their advanced math degrees

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catloaf 8 points 2 years ago

That's a real big could. Some say the biggest, in the history of could.

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thefluffiest 8 points 2 years ago

Well, Americans will be paying billions in extra taxes. At least that part’s true

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guillem 7 points 2 years ago
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