RhodyPatriot
Diamond Member
- Aug 28, 2022
- 23,078
- 31,902
- 2,288
The problem is, like so many things he says, it's a lie. We aren't taking in anywhere near "trillions."
According to Co-Pilot:
How much money have the tariffs brought in?
Quick Answer: In 2025, U.S. tariffs have generated tens of billions of dollars, with estimates ranging from about $88 billion year-to-date through August to projections of roughly $300 billion annually under current policies.
Breakdown of Tariff Revenue in 2025
- Year-to-date revenue: By August 2025, tariffs had raised $88 billion, with $23 billion collected in August alone.
- Effective tariff rates: Average effective tariffs rose from 2.4% in January to about 10–11.5% mid-year, reflecting aggressive new trade measures.
- Annual projections: Analysts estimate tariff collections could reach $300 billion annually, driven by baseline 10% tariffs on most imports and 30% tariffs on Chinese goods.
- Budgetary impact: The Congressional Budget Office projects tariffs could reduce primary deficits by $2.5 trillion over 11 years, assuming current rates persist.
- Political framing: President Trump has touted tariffs as generating “hundreds of millions” monthly, even proposing $2,000 “tariff dividend” checks to Americans.
Furthermore, if the tariffs are working and we have such a wonderful economy, why do 76% of Americans have a negative view of it?
Aren't you the guy who predicted that we'd be in a depression by now due to the tariffs?
(OK, it was the garbage media you read that was predicting it, you're off the hook.)
Have you read the new 150 year study the San Francisco Fed released proving that (as usual these days) the experts were all wrong and tariffs are actually deflationary?
Maybe Daily Kos didn't share that one.
Did you read, over the summer, about how the CBO admitted tariffs were cutting the deficit by nearly 4 trillion dollars?
Perhaps Herr Trump can be a bit, shall we say, "sloppy" with his language.
But pearl clutching at that seems a bit antiquated these days.
Besides, accounting for what we've already taken in, the massive deficit reduction, and projections based on trade deals and foreign investments?
The dude's probably right.
Last edited: