Trump's tariff revenue is on pace for another monthly record in June

[RoshawnMarkwees]

Tariffs generate revenue for the government but often act as a hidden tax on consumers. When a tariff is imposed on imported goods, the importing country collects the tax from the importer. For example, U.S. Customs Service data shows tariffs generated $88.3 billion in revenue in 2022. However, importers typically pass these costs to consumers through higher prices. A 2019 study by the National Bureau of Economic Research found that U.S. consumers bore over 90% of the cost of tariffs on Chinese goods, with prices rising significantly for affected products like washing machines.The net effect depends on context. Tariffs can protect domestic industries, potentially saving jobs, but they raise costs for consumers and can disrupt supply chains. For instance, a 2020 Peterson Institute study estimated that Trump-era tariffs reduced U.S. GDP by 0.2% and cost 142,000 jobs due to higher input costs for manufacturers. Conversely, revenue from tariffs can fund government programs, but it’s a small fraction of total revenue—$88.3 billion in 2022 was about 2% of U.S. federal receipts.So, while tariffs bring in money for the government, consumers often pay the price through higher costs, making it a de facto tax. The trade-off depends on how the revenue is used and the economic goals, like protecting local industries versus minimizing consumer costs.

but...........many tariffs are on raw goods like steel, does it trickle down to where your ford might cost more? possible but how often do you buy a new vehicle to notice?

And who buys a new vehicle all the time? RICH people, not the poor

in a broader sense it's a hidden tax on the rich who can afford to pay a bit more, right?

is that not what democrats always want, tax the rich?

It’s the inevitable raising of prices that ultimately makes domestic production competitive. The tariff/tax isn’t just another typical government money-grab.

 

[Blisterfinger]

Yes, yes you are.

Don't worry though, nobody holds it against you.

,umm you are the one hiding under your bed thinking that the Trump Administration is coming to get you! How stupid you are LOL

 

[Orangecat]

You've never seen a cat cough up a wet furball?
What kind of ***** are you?

You’re just dull. I don’t mint witty exchanges with sharp minds, but you’re just not there, son.

 

[Cellblock2429]

This is a clear demonstration of the tax burden moving off of the rich and onto the working class and poor. Trump gave a tax cut to the wealthy and then raised the taxes on goods purchased. What’s hilarious is that he is still net -$3T in revenue.

This is like watching the titanic hit the iceberg and saying… see, not that bad? Check in next April when taxes are due.

/---/ Hey dummy, the rich pay the same tariffs at the same rate as everyone else. I know you never heard this before, but IF YOU DON'T BUY FOREIGN STUFF, YOU PAY NO TARIFFS.

Secondly, the rich pay a luxury tax no one else pays. This tax was not eliminated in the BBB.
Do you know what is the luxury tax in the US?

Luxury tax is an amount placed on expensive, non-essential products and services purchased mainly by wealthy people. This tax is intended to increase government income by levying taxes on luxury goods, such as:

• Jewelry
• Private jets
• Yachts
• Pricey vehicles

The luxury tax aims to target society’s wealthiest elements, although the form and rates differ from state to state.

How Does the Luxury Tax Work?​

Luxury taxes are levied on goods deemed unneeded or excessive for everyday use. These taxes are:

• Either computed as a percentage of the purchase price, or
• On the amount that is above a certain threshold.

For instance, if the price of a premium automobile exceeds $50,000, luxury tax can be applied to the excess.

Customers must be aware of local legislation because the tax rate and threshold vary by state.
So simple even you can understand.

What is the Luxury Tax in the US?

What is the luxury tax in the US? A luxury tax is levied on elite products, like private jets. However, its impact on various industries is still ongoing.

lytaxadvisors.com

 

[2aguy]

Tariffs are taxes, right?

Yeah.....and? I imagine you have a really stupid point to make...

 

[struth]

Are you joking? The so called surplus is being paid by tax payers compensating for the tarriffs. Do t be so gullible. You are literally cheering on government revenue paid for by tax payers. Is that really the ideology you want to stand behind?

Um yes. Why shouldn’t Americans pay taxes to fund the govt?

 

[struth]

This is a clear demonstration of the tax burden moving off of the rich and onto the working class and poor. Trump gave a tax cut to the wealthy and then raised the taxes on goods purchased. What’s hilarious is that he is still net -$3T in revenue.

This is like watching the titanic hit the iceberg and saying… see, not that bad? Check in next April when taxes are due.

Why shouldn’t everyone share the burden of taxes?

I get you aren’t successful but why should only successful people have the burden of paying for the govt you enjoy?

 

[Slade3200]

Um yes. Why shouldn’t Americans pay taxes to fund the govt?

They should and do. The just laugh at all the so called conservatives who constantly fight for less gov and low taxes cheering a surplus caused by taxing consumer goods during times of high inflation

 

[Blisterfinger]

Yeah.....and? I imagine you have a really stupid point to make...

Proven stupid LOL

 

[kyzr]

1. Tariffs are working, about $300b a year in new revenue
2. Congress needs to pass rescission packages to realize the $190b DOGE savings
3. The Fed needs to lower rates, -1% means $300b less interest
4. 3% GDP growth means more revenue

Trump is right, the "economists" like Larry Summers are wrong, so is Fed Chair Powell, tariffs don't cause inflation.

 

[struth]

They should and do. The just laugh at all the so called conservatives who constantly fight for less gov and low taxes cheering a surplus caused by taxing consumer goods during times of high inflation

High inflation? Inflation has been dropping since Trump took office, it’s at 2.4 percent

Being Conservative doesn’t mean you don’t believe in any taxes. Not sure where you got that idea. Not sure where you got the idea that having a surplus doesn’t mean less govt either

 

[Slade3200]

1. Tariffs are working, about $300b a year in new revenue
2. Congress needs to pass rescission packages to realize the $190b DOGE savings
3. The Fed needs to lower rates, -1% means $300b less interest
4. 3% GDP growth means more revenue

Trump is right, the "economists" like Larry Summers are wrong, so is Fed Chair Powell, tariffs don't cause inflation.

Rates would come down if the tarriffs weren’t imposing taxes and higher prices on American consumers. To see y’all cheering tax revue as a good thing is hilarious. You’re now the party of big gov huh?

 

[Slade3200]

High inflation? Inflation has been dropping since Trump took office, it’s at 2.4 percent

Being Conservative doesn’t mean you don’t believe in any taxes. Not sure where you got that idea. Not sure where you got the idea that having a surplus doesn’t mean less govt either

Inflation has been crazy since covid and has lead to high prices across the board. Just because the growth rate of inflation has slowed doesn’t mean squat. Prices are still high and inflation is making them higher. Trumps tarriffs are also making them higher. So hearing you praise the revenue they are generating on the backs of our consumers is hilarious

 

[struth]

Inflation has been crazy since covid and has lead to high prices across the board. Just because the growth rate of inflation has slowed doesn’t mean squat. Prices are still high and inflation is making them higher. Trumps tarriffs are also making them higher. So hearing you praise the revenue they are generating on the backs of our consumers is hilarious

It was crazy under xiden and dembot policies

It’s back to normal since Americans rejected your regime

The inflation rate is normal

Prices likely won’t get back to Pre-Xiden levels. The damage done is going to take a long time to fix

The fact trump was able to reserve the trend of rising inflation is a sign he’s working on it and it’s working

 

[Couchpotato]

Are you joking? The so called surplus is being paid by tax payers compensating for the tarriffs. Do t be so gullible. You are literally cheering on government revenue paid for by tax payers. Is that really the ideology you want to stand behind?

All government revenue is taxes. Is there some other revenue stream the Government has that’s not taxes?

 

[Slade3200]

It was crazy under xiden and dembot policies

It’s back to normal since Americans rejected your regime

The inflation rate is normal

Prices likely won’t get back to Pre-Xiden levels. The damage done is going to take a long time to fix

The fact trump was able to reserve the trend of rising inflation is a sign he’s working on it and it’s working

The world was crazy after covid. More powerful forces at play than dem policies. And speaking of policies we are talking about Trumps tarriff policies and how it seems to have converted y’all into big gov tax revenue lovers.

 

[Slade3200]

The fact trump was able to reserve the trend of rising inflation is a sign he’s working on it and it’s working

Inflation levels had already lowered to these levels at the end of Biden’s term. No magic from Trump, just time for world economics to play out the course it was on.

Current U.S. Inflation Rates: 2000-2026

The annual inflation rate in the United States was 2.4% for the 12 months ending January, down from 2.7% previously, according to U.S. Labor Department data released February 13, 2026. The next update is scheduled for March 11 at 8:30 a.m. ET and will cover the 12 months ending February. Below...

www.usinflationcalculator.com

 

[struth]

The world was crazy after covid. More powerful forces at play than dem policies. And speaking of policies we are talking about Trumps tarriff policies and how it seems to have converted y’all into big gov tax revenue lovers.

Well yeah cause xiden and the demafasict were in charge of the United States.

 

[struth]

Inflation levels had already lowered to these levels at the end of Biden’s term. No magic from Trump, just time for world economics to play out the course it was on.

Current U.S. Inflation Rates: 2000-2026

The annual inflation rate in the United States was 2.4% for the 12 months ending January, down from 2.7% previously, according to U.S. Labor Department data released February 13, 2026. The next update is scheduled for March 11 at 8:30 a.m. ET and will cover the 12 months ending February. Below...

www.usinflationcalculator.com

Sorry incorrect, the rates had dropped after the gop took the house, but they were on the rise again until Trump took office again. He inherited a inflation rate ticking back up and he reversed it

Not a moment too soon

 

[Slade3200]

Well yeah cause xiden and the demafasict were in charge of the United States.

The entire world experienced the same economic conditions. US actually handled it better than most other countries. Had Trump won reelection he would have experienced massive inflation as well