Trumps tariffs could decrease the national debt by 4 trillion !

[egp320i]

The latest analysis from the CBO says Trumps tariffs could decrease the National debt by 4 trillion over the next decade ! a major step in the right direction !

Trump is bringing in enough revenue from tariffs to cut deficits by $4 trillion over the next decade, CBO says | Fortune

In just two months, Trump added another $1.5 trillion of deficit reduction in the form of new tariffs, CBO said. Still, the One Big Beautiful Bill Act will raise deficits by $3.4 trillion.

fortune.com

from the article ..
President Donald Trump’s hike in tariffs is projected to generate enough revenue to cut federal deficits by $4 trillion over the next decade, according to the latest analysis by the Congressional Budget Office (CBO). The nonpartisan agency said it had updated its estimates of tariff revenues as part of the development of the short-term economic forecast covering 2025 to 2028, to be published on Sept. 1



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But....many here say tariffs don't work, well when other countries pay to play and get our business that goes into our coffers.

The United States has the largest economy and therefore more purchase power. The U.S. GDP is significantly larger than China's. This measure is best for comparing things that are traded internationally, like corporate sales and global financial transactions.

The true trick is like a drunken sailor with his first paycheck, that extra money we can't go wild and blow it or that defeats the purpose of paying off our debt

 

[Woodznutz]

To many people believe we can just print enough money to get out of debt. It has never worked.

We could if we just printed it, but we 'loan' it to ourselves. That would infuse the economy with equity instead of debt.

 

[Hafar1014]

Who do you think pays the tariffs? The US business pays the tariff when goods arrive in USA.
The business either absorbs the cost or pass on to the customer with higher prices.
Either way a tariff is a tax paid for by US businesses or by US consumers.

Tariffs are net gain for the people. The deficit can be paid off in under 2 years. Then the national debt can be brought down. Manufacturers and sellers pay the tariff not people. You dont have to buy but they have to sell. Pro=ices drop. Wages are up taxes have ben cut and when the debt drops we save money

 

[TNHarley]

They spend it and create debt on bullshit. We pay it back through rising costs of goods.
Isnt American politics great?

 

[John Edgar Slow Horses]

Tariffs are net gain for the people. The deficit can be paid off in under 2 years. Then the national debt can be brought down. Manufacturers and sellers pay the tariff not people. You dont have to buy but they have to sell. Pro=ices drop. Wages are up taxes have ben cut and when the debt drops we save money

So the American taxpayer is to assume paying down the deficit by paying the up cost of tariffs.

 

[Moonglow]

The latest analysis from the CBO says Trumps tariffs could decrease the National debt by 4 trillion over the next decade ! a major step in the right direction !

Trump is bringing in enough revenue from tariffs to cut deficits by $4 trillion over the next decade, CBO says | Fortune

In just two months, Trump added another $1.5 trillion of deficit reduction in the form of new tariffs, CBO said. Still, the One Big Beautiful Bill Act will raise deficits by $3.4 trillion.

fortune.com

from the article ..
President Donald Trump’s hike in tariffs is projected to generate enough revenue to cut federal deficits by $4 trillion over the next decade, according to the latest analysis by the Congressional Budget Office (CBO). The nonpartisan agency said it had updated its estimates of tariff revenues as part of the development of the short-term economic forecast covering 2025 to 2028, to be published on Sept. 1



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But they won't.

 

[Crepitus]

So the American taxpayer is to assume paying down the deficit by paying the up cost of tariffs.

And the tRumplings cheer, completely oblivious to what is being done to them as usual.

 

[Hafar1014]

So the American taxpayer is to assume paying down the deficit by paying the up cost of tariffs.

Prices haven't gone up inflation is 2.7%. Taxes were cut and wages are going up more than inflation. Manufacturers and sellers pay the tariffs. Consumers dont have to buy but manufacturers have to sell. Prices drop. The deficit is paid off in 2 years. Then the national debt gets paid down. Win Win for America. Why couldnt democrats do that

 

[John Edgar Slow Horses]

Not a chance.

Hafar does not understand economics.

 

[initforme]

Take some of that 4 trillion and put it into the social security and medicate coffers. That makes even more sense. No need to make any cuts to those whstsoever.

 

[ElmerMudd]

Tariffs are net gain for the people. The deficit can be paid off in under 2 years. Then the national debt can be brought down. Manufacturers and sellers pay the tariff not people. You dont have to buy but they have to sell. Pro=ices drop. Wages are up taxes have ben cut and when the debt drops we save money

You don't have a clue about basic economics. You are embarrassing yourself

 

[John Edgar Slow Horses]

Hafar supports this national sales tax.

 

[Hafar1014]

You don't have a clue about basic economics. You are embarrassing yourself

The CBO just agreed with me and its really just basic math. Tariffs are in track to bring in 1 trillion a year. The annual deficit is 1.6 trillion. Lets see in 2 years thats 2 trillion. More than enough. How hard was that. But I agree I dont know much about economics I just know how to make money.

 

[John Edgar Slow Horses]

The CBO just agreed with me and its really just basic math. Tariffs are in track to bring in 1 trillion a year. The annual deficit is 1.6 trillion. Lets see in 2 years thats 2 trillion. More than enough. How hard was that. But I agree I dont know much about economics I just know how to make money.

So you want what is in effect a regressive sales tax to pay down the deficit.

Bet the money is not used that way.

 

[Hafar1014]

So you want what is in effect a regressive sales tax to pay down the deficit.

Bet the money is not used that way.

Prices havent gone up manufacturers and sellers are paying the tariffs. The money will be used that way guaranteeing the GOP wins another landslide and democrats look once again like idiots

 

[John Edgar Slow Horses]

Have tariff charges been increasing prices on those items?


Yes—tariff charges under Trump’s recent trade policies have been increasing prices on a wide range of consumer goods.

What’s Getting More Expensive?​

According to multiple economic analyses, tariffs have led to price hikes in:

• Food and canned goods: Due to steel and aluminum tariffs, prices for canned foods have risen as manufacturers pass costs down the supply chain.
• Clothing and electronics: Importers facing higher duties on goods from China and India are passing those costs to consumers3.
• Vehicles and appliances: Tariffs on steel components have driven up prices for cars, refrigerators, and washing machines4.
• School supplies and toys: These everyday items are also affected, especially those sourced from tariff-targeted countries.

Who’s Paying for It?​

Despite Trump’s claims that foreign governments and companies bear the cost, studies show:

• U.S. consumers are absorbing 67–70% of the direct tariff costs3.
• Domestic producers are also raising prices to match tariff-protected competitors, pushing the total impact on consumers even higher—potentially up to 100% of the tariff burden.

What’s Next?​

Economists warn that as businesses exhaust pre-tariff inventories, more price increases are likely. Goldman Sachs projects that tariffs could raise core inflation by 0.8–1.2 percentage points by year-end.

 

[Hafar1014]

Have tariff charges been increasing prices on those items?


Yes—tariff charges under Trump’s recent trade policies have been increasing prices on a wide range of consumer goods.

What’s Getting More Expensive?​

According to multiple economic analyses, tariffs have led to price hikes in:

• Food and canned goods: Due to steel and aluminum tariffs, prices for canned foods have risen as manufacturers pass costs down the supply chain.
• Clothing and electronics: Importers facing higher duties on goods from China and India are passing those costs to consumers3.
• Vehicles and appliances: Tariffs on steel components have driven up prices for cars, refrigerators, and washing machines4.
• School supplies and toys: These everyday items are also affected, especially those sourced from tariff-targeted countries.

Who’s Paying for It?​

Despite Trump’s claims that foreign governments and companies bear the cost, studies show:

• U.S. consumers are absorbing 67–70% of the direct tariff costs3.
• Domestic producers are also raising prices to match tariff-protected competitors, pushing the total impact on consumers even higher—potentially up to 100% of the tariff burden.

What’s Next?​

Economists warn that as businesses exhaust pre-tariff inventories, more price increases are likely. Goldman Sachs projects that tariffs could raise core inflation by 0.8–1.2 percentage points by year-end.

Consumers dont have to buy inflation is 2.7%. Many prices have come down. Its all democrats crying because they couldnt do it. Wages are up taxes cut we are much better off then Bidens 9% inflation which you were OK with

 

[John Edgar Slow Horses]

Have tariff charges been increasing prices on those items?


Yes—tariff charges under Trump’s recent trade policies have been increasing prices on a wide range of consumer goods.

What’s Getting More Expensive?​

According to multiple economic analyses, tariffs have led to price hikes in:

• Food and canned goods: Due to steel and aluminum tariffs, prices for canned foods have risen as manufacturers pass costs down the supply chain.
• Clothing and electronics: Importers facing higher duties on goods from China and India are passing those costs to consumers3.
• Vehicles and appliances: Tariffs on steel components have driven up prices for cars, refrigerators, and washing machines4.
• School supplies and toys: These everyday items are also affected, especially those sourced from tariff-targeted countries.

Who’s Paying for It?​

Despite Trump’s claims that foreign governments and companies bear the cost, studies show:

• U.S. consumers are absorbing 67–70% of the direct tariff costs3.
• Domestic producers are also raising prices to match tariff-protected competitors, pushing the total impact on consumers even higher—potentially up to 100% of the tariff burden.

What’s Next?​

Economists warn that as businesses exhaust pre-tariff inventories, more price increases are likely. Goldman Sachs projects that tariffs could raise core inflation by 0.8–1.2 percentage points by year-end.

 

[Zincwarrior]

The CBO just agreed with me and its really just basic math. Tariffs are in track to bring in 1 trillion a year. The annual deficit is 1.6 trillion. Lets see in 2 years thats 2 trillion. More than enough. How hard was that. But I agree I dont know much about economics I just know how to make money.

So if the wealthy hadn't gotten more tax breaks we would have had a budget surplus?

 

[Hafar1014]

So if the wealthy hadn't gotten more tax breaks we would have had a budget surplus?

False tax cuts increased tax revenues spending increases the debt. Record tax revenues were collected after Trumps tax cuts because we had more jobs and a surging GDP that increased tax revenues.