Ok?
This boost IS from Donald Trump, who HAS been know to stretch the truth, eh?
This one appears to be ANOTHER one…
Tariff’s ARE taxes …
Those taxes WILL eventually be paid by consumers of the good’s taxed….
SO?
The money coming INTO the US Treasury will have come from American CONSUMERS….
From higher IMPORT Taxes….
President Donald Trump is making sure to share – repeatedly – a recent government analysis that shows his sweeping array of tariffs is expected to reduce the federal debt by $4 trillion over the next decade, more than forecast only a few months ago.
The president has referenced the Congressional Budget Office report in multiple remarks and on Truth Social since it was released on Friday, saying it shows the success of one of his key, but controversial, policy platforms.
“The tariffs came in at $4 trillion,” Trump said at an Oval Office event on Monday afternoon, the second time he mentioned the report that day. “The CBO, they just announced it. I told them that was going to happen, but they refused to give us credit for it. Now they’re giving us credit because the money is flowing in.”
However, how much revenue the US actually realizes depends on several important factors, including whether the current levies remain in place into 2035 and how the nation reacts to the higher tariffs. The tariffs are expected to increase inflation and potentially weaken the economy, which could in turn reduce federal revenue. (The CBO’s analysis did not take the economic impact into account.)
Imposing sweeping tariffs
Since taking office in January, Trump has slapped tariffs on a wide range of goods and countries, including increasing tariffs on most Chinese goods by 30%, on automobiles and car parts by up to 25%, and on most imports of steel and aluminum by 50%, among other examples. The levies are expected to increase the price consumers pay for computers and other electronics, clothing, toys, furniture and more, even as the president insists that foreign governments will pick up the tab….