63 billion has been brought in from Trump tariffs through June of this year. The farmer bailout is 28 billion.
U.S. Collected $63 Billion in Tariffs Through June
That’s a total for all tariffs and all countries. The new China tariffs don’t cover the bailout.
But
the New York Times reports that Customs and Border Protection data shows that the tariffs have raised about $20.8 billion in revenue. That is far less than the $28 billion in
bailout fundsthat Trump vowed to give farmers after China imposed steep retaliatory tariffs targeting the agriculture industry.
Trump's tariffs won't even pay for bailout to farmers
It’s funny one side of your mouth supports tax cuts and the other a tax increase...
Who cares the source country for tariffs. That is idiotic. We are up even after the bailout. That is the bottom line.
I have no idea what you are talking about with regards to wanting a tax increase. Inflation is very low. We are NOT paying for the tariffs. The left is simply brainwashed.
It’s idiotic to point out trumps trade war costs more in bailout money than it brings in? You are confused.
Well you are ok with the tariffs that are a tax on us. But you also talk about how good tax cuts are. You are very confused...
What are you talking about? The "trade war" is not just with China. The tariffs money that has been brought in is significantly greater than what was spent on the farmer bailout.
You keep saying it is a tax on us, which is just flat out wrong. It is mathematically inaccurate. You also continue to ignore the very low inflation, which tells you all you need to know. We are NOT paying for the tariffs. Bottom line. End of story.
Tax cuts have been good for the economy if you haven't noticed. Maybe you don't watch the markets. Maybe you don't understand them. The trade war does hinder the market some due to uncertainty, but the pain, if you want to call it that with the market expanding MUCH faster than the rest of the world, is well worth it.
You will see pretty quickly just how bad the lefts policies are on our economy if one of them gets elected in 2020. I know that I will be moving into more stable investments if it looks like one of those nuts will win the election.
You are the one that is very confused.