Trump says his tariffs could bring in trillions in revenue. Economists disagree.

https://www.cbsnews.com/news/factcheck-trump-tariffs-revenue/

by CBSnews

21 comments

  1. Trump lives in his own alternate reality- as do his economic advisors

  2. He’s a fucking delusional old man who doesn’t realize he has to pay women to sleep with him because he’s repulsive and shits himself. He surrounds himself with yes men and his followers are brain dead imbeciles who just blame democrats and say fake news to everything because they don’t have the logic to think for themselves. They just say what the far right media tells them.

  3. When Trump says his tariffs could bring in trillions in revenue, everyone realizes he’s talking about us, right? Americans, spending more money, paying more taxes, to support his rich tax cuts?

  4. If the tariffs “work” and bring manufacturing back to the US then they would collect no tariffs. So which is it?

  5. The spoiler here is that both are right, but Trump’s approach is high risk, high reward if it works. High risk big penalty if it doesn’t. Economists really want the government to play safe right now

  6. This is like when he said COVID would disappear “like a miracle” as after Easter, by summer, in the fall, and after the election.

    It’s like when he said last time that tariffs wouldn’t raise prices.

    It’s like when he said stimulus checks wouldn’t affect inflation.

    Basically, if Trump says it, it’s definitely wrong. But sure, go ahead and believe him again, MAGAs. Maybe this will be the time he finally actually knows what he’s talking about.

  7. The US economy is looking at a negative GDP before the tariffs. They will only shrink the economy further. The “trillions” statement is a Delusional comment.

  8. It’s so weird to hear a Republican president brag about how high he’s going to raise taxes on Americans.

    Republicans have been telling us for decades that taxes stymie economic growth but for some reason these particular consumption taxes will produce growth? What?

    A straight national sales tax would almost be better at least then all the increase in prices becomes government revenue. Tariffs will increase prices but most of the difference will go into corporate profits as domestically produced products go up in price due to reduced demand.

    Sidenote, really looking forward to buying coffee grown Iowa. . .

  9. I’ve seen this quote a lot: “When a Clown moves into a Palace, he doesn’t become a King.
    The Palace instead becomes a Circus.” A Turkish proverb.

  10. “Economists” can’t agree on the effects of minimum wages, so this isn’t really saying much.

  13. Trillions into his cronies pockets including himself maybe.

  14. I don’t know about trillions but tariffs are a tax and taxes bring in revenue

  15. This fool won’t even be around to face the long-term damage he’s causing. Years from now, when he’s gone, his own base will try to pin the blame on him. Don’t let them. Hold them accountable for supporting the worst president the American people has seen.

  16. Trump could say oxygen is good for you and democrats would find a way to disagree and justify more violence. 4 straight years of crying, pearl clutching, and vandalism incoming.

  17. which economists. over the past year or so, I’ve read opinion pieces by “experts/economists” will the following viewpoints:

    1 – the $37 trillion national debt doesn’t matter

    2 – the $37 trillion will lead to massive inflation, and make our treasury bills unsalable

    3 – higher fed funds rates will tame inflation

    4 – oops, housing prices went higher anyway

    5 – and now car repos are at an all time high

    6 – the social security trust fund is running out of money

    7 – no it won’t, we can just raise social security withholding taxes as high as we want, and raise the retirement age too.

    8 – Americans deserve free, government provided healthcare.

    9 – lifespans actually DECREASED after the affordable care act was passed.

    10 – America needs more undocumented workers at low rates to mow our lawns, flip our burgers, and clean our houses.

    11 – We need to raise the minimum wage again. $15 isn’t helping. Let’s try $20 or $25 an hour.

    12 – You can’t get a decent job without a college degree

    13 – a year at harvard is now around $60,000. Just borrow the money and default on your student loans. The government will HAVE to forgive them someday anyway.

    14 – America’s corporate income taxes are too low.

    15 – America’s corporate income taxes are already higher than most of Europe. If we raise them again, more companies will offshore production to Europe.

    16 – We need 61,000 new IRS agents to stop tax fraud

    17 – wait, we can stop almost all tax fraud with artificial intelligence, instead of GS7 IRS agents earning $47,000 a year and who are morons.

    18 – Tariffs on Canada and Mexico will ruin them . . . and us . . .

    19 – Tariffs and embargos on Russia after Putin invaded Ukraine seem ineffective. He’s continuing his war.

    20 – Electric Cars will stop global warming.

    21 – but we’re going to need hundreds of new nuclear power plants. And places to store the waste. And new high voltage transmission lines.

  19. Still, still Trump believes placing tariffs on imported goods means that the country that exports those goods pays the tariffs directly into the US treasury and no one gets in his face to tell him that’s NOT how it works!!!! Trump is a f$&@&$&$)( moron!

  20. Been seeing stories about how GDP first quarter 2025 is going to be bad…Trump will see this and issue more tariffs and increase upcoming tax cuts to make up the shortfall….Ugh!

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