Trump's Tariffs Seriously Reducing The National Debt

[candycorn]

Time for another lefty meltdown and denials. Winning. One thing I love about the left is they never get tired of losing. It's just a way of life for them. Trump's tariffs have been a good thing for a number of reasons. The left keep complaining about tariffs raising prices and yet we never actually see raised prices. They're always right around the corner.

Trump is bringing in so much revenue from tariffs that it’s seriously reducing the $37 trillion national debt​

https://www.yahoo.com/finance/news/trump-bringing-much-revenue-tariffs-182932609.html

So we should owe less than $37T when the blob oozes out of office then, right?

 

[jc456]

In CBO’s projections, the federal budget deficit is $1.9 trillion this year​

So, in the next ten years the deficit will only be $1.5 trillion each year, whoop-de-fuckin-do. And that is if Trump's tariffs stay in place over the next ten years, right? With no change in anybody's behavior, right? That's how democrats figure their extra revenue from higher taxes, as if people and businesses (countries) won't do things differently. Is that now okay? It sure as hell isn't reality.

Marshall plan was intact for 50 years.

 

[jc456]

Yeah, they are. At least in part.


The party responsible for paying the tariff is the American company that imports the product. For example, if a U.S. electronics retailer imports computer components from China, the company pays the tariff when the goods arrive at a U.S. port. This payment is made to U.S. Customs and Border Protection and goes directly into the federal treasury. The foreign exporter has no legal obligation to pay this tax, nor is it charged at the point of export. This reality stands in direct contradiction to President Trump’s frequent assertion that China or other foreign countries are paying the tariffs.

Although the importer is the one who pays the tariff upfront, the economic impact does not stop there. Tariffs act like a cost increase in the supply chain. American importers must decide how to absorb this new cost. In some cases, they may try to pressure foreign suppliers to lower their prices to offset the tariff, and occasionally, exporters will agree to partial discounts to maintain market access. However, this is not guaranteed and depends heavily on the competitiveness of the market and the elasticity of demand.

More often, the increased costs are passed downstream. Importers may raise prices for wholesalers and distributors, who in turn pass the costs along to retailers. Ultimately, it is American consumers who feel the impact in the form of higher prices on everyday goods — from clothing and electronics to household appliances and even groceries. Alternatively, companies may try to absorb the tariffs by accepting lower profit margins, cutting investments, or reducing wages and employment. A 2019 study conducted by economists at Columbia University, Princeton University, and the Federal Reserve Bank of New York found that American consumers and companies were paying nearly the full cost of Trump’s tariffs.

Trump tariffs rake in big money, but who is paying?

Donald Trump's tariffs are impacting global trade. American firms pay the tariffs on imported goods. This increases costs, affecting consumers. Despite this, foreign exporters face reduced sales. They also experience instability in supply chains. The tariffs create uncertainty for international...

economictimes.indiatimes.com

This the reality, despite what Trump says. No doubt each applied tariff has it's own individual circumstances for who is actually paying what. But, while the burden of paying for those tariffs is somewhat elastic, to claim that consumers aren't paying higher prices is wrong.

why do the countries care then?

 

[jc456]

That cannot last for long if the tariffs remain as they are. Sooner or later prices WILL rise, they always do historically.

that's speculative. you have no data to support such an answer.

 

[jc456]

It was a prediction and it was way off. Just like all of Al Gore's were.

there's never been a demofk narrative that has been accurate.

 

[jc456]

A 2019 study conducted by economists at Columbia University, Princeton University, and the Federal Reserve Bank of New York found that American consumers and companies were paying nearly the full cost of Trump’s tariffs.

Trump tariffs rake in big money, but who is paying?​

Donald Trump's tariffs are impacting global trade. American firms pay the tariffs on imported goods. This increases costs, affecting consumers. Despite this, foreign exporters face reduced sales. They also experience instability in supply chains. The tariffs create uncertainty for international...

economictimes.indiatimes.com

every mthr fking demofk university is what you think is evidence?

 

[jc456]

Where will they go?

other countries. you missed the exodus of the 2000's with off shore accounts.

 

[jc456]

Inflation was less than 3% every year in his first term.

still are. 2.7 today

 

[jc456]

We also don't yet know what all these cost increases are going to look like on American businesses' cash flows, earnings and capital expenditures. It could be a year or two before we have an accurate picture.

There are ways a business may be able to mitigate (to some degree) the gross costs, but anyone who is already crowing about the tariff dollars without knowing the ultimate NET effect is simply ignorant.

sure we know. If the corporations stock is moving, they're happy.

 

[jc456]

sure we know. If the corporations stock is moving, they're happy.

Look at ole MAC, he doesn't know that corporations live off their stock.

 

[Zincwarrior]

how did they help the hyper wealthy exactly? I assume you can show us.

Lowered taxes while exploding the deficit.

 

[Winco]

Many would just "sit out", the GDP coulddrop you dumb OX. Like back when top rate was 90%. GOVT revenue was still only 20%*GDP.

While there was actually a 90% Tax Bracket, the Rich that actually fell into that bracket paid an ETR of closer to 40%, no where close to the 90% implied by the bracket.

 

[The Irish Ram]

Where will they go?

Where corporate taxes are the lowest.

 

[jc456]

Lowered taxes while exploding the deficit.

Lowered who’s tax?

 

[Zincwarrior]

Lowered who’s tax?

The wealthy, and blew out the deficit then too. Are you slow?

 

[berg80]

So, if that happens, we might have to refund money we would not have had in the first place anyway? Then, I guess that means prices will go down then, right?

Potential Trump tariff refund bill could top $1 trillion as Supreme Court fight looms​

The United States government has already collected tens of billions of dollars from President Donald Trump’s “reciprocal tariffs.”

But that money — and a lot more — could end up being refunded if the Supreme Court agrees with lower courts that many of the levies on imports from other countries are illegal.

How much could that end up being?

Anywhere between $750 billion to a whopping $1 trillion, warned Treasury Secretary Scott Bessent in a declaration filed with the Supreme Court last week.

Major questions remain over how a refund process would work for the administration and the companies hit hardest by the tariffs

Majerus said it is possible that importers could be required to file claims themselves to secure the refunds.

https://www.cnbc.com/2025/09/08/trump-tariff-refund-trade-treasury-bessent-supreme-court.html

Meaning the refunds won't be going to countries exporting goods to the US. Even though Dotard keeps repeating the lie it's foreign countries who pay the tariffs when in reality it's the importers.

 

[kyzr]

So we should owe less than $37T when the blob oozes out of office then, right?

Let's hope so. Unless congress rebates some of the surplus back to buy votes.

 

[kyzr]

Potential Trump tariff refund bill could top $1 trillion as Supreme Court fight looms​

The United States government has already collected tens of billions of dollars from President Donald Trump’s “reciprocal tariffs.”
But that money — and a lot more — could end up being refunded if the Supreme Court agrees with lower courts that many of the levies on imports from other countries are illegal.
How much could that end up being?
Anywhere between $750 billion to a whopping $1 trillion, warned Treasury Secretary Scott Bessent in a declaration filed with the Supreme Court last week.
Major questions remain over how a refund process would work for the administration and the companies hit hardest by the tariffs
Majerus said it is possible that importers could be required to file claims themselves to secure the refunds.
Meaning the refunds won't be going to countries exporting goods to the US. Even though Dotard keeps repeating the lie it's foreign countries who pay the tariffs when in reality it's the importers.

The Supreme Court generally defers to the Executive when "conditions" outside their lane are involved.
Don't be surprised if the USSC supports Trump's tariffs.
Trump could send Treasury Secretary Bessent to the court to help argue the rationale' for tariffs.
I'd even send Marco Rubio and Pam Bondi too.
There will be no "refunds" of tariffs.

 

[candycorn]

Let's hope so.

Hope so? The OP says that the tariffs are (giggle) “seriously” reducing the debt. Is he lying?

Unless congress rebates some of the surplus back to buy votes.

Isn’t the blob in favor of such rebates? The administration has mentioned it at least twice.

 

[my2¢]

However, the national debt isn't being reduced. The tariffs in combination with the income tax cuts are simply another of Washington's means of robbing Peter to pay Paul.