Author Topic: $15 Billion And Climbing: Trump’s Tariffs Deliver Record High Revenue  (Read 1858 times)

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Offline mystery-ak

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$15 Billion And Climbing: Trump’s Tariffs Deliver Record High Revenue

Floyd Buford
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April 25, 2025 5:32 PM ET

U.S. Customs duty collections soared more than 60% in April, marking the highest monthly revenue haul in terms of dollars in American history.

According to newly released Treasury Department data reviewed by Bloomberg, at least $15.4 billion in customs duties and related excise taxes flowed into federal coffers last month, $6 billion more than the month before. This spike in revenue coincides with the first wave of President Donald Trump’s newly implemented tariffs taking effect. Those include a renewed 25% tariff on steel and the “universal” 10% tariff Trump announced on April 2.

Daily collections — payments made at the time goods enter the country — rose nearly 40% in April compared to March.

While the April numbers reflect the 25% increase, it does not account for most of the 10% universal tariffs. May’s total could climb even higher as the full scope of the tariffs kicks in, Bloomberg reports.

Trump has long championed tariffs as a key component of his “America First” economic strategy not only as a way to protect American manufacturers from cheap foreign imports, but to generate revenue.

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https://dailycaller.com/2025/04/25/15-billion-and-climbing-trumps-tariffs-deliver-record-high-revenue/
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Offline IsailedawayfromFR

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This will be the first time Democrats are fretting about tax revenue coming into the US Treasury.
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This will be the first time Democrats are fretting about tax revenue coming into the US Treasury.

Yup. They will bitch and moan.  But have plans  to try and spend it on illegals.
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Offline LMAO

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 :rolling: :rolling:


That’s  half of the roughly 30 billion we had to spend to bail out just the farmers and ranchers during Trump’s first trade war :rolling: :rolling: :rolling: :rolling:

And then throw in the effects of a pandemic on top of that it came to about 60 billion

I bet it’ll be higher this time

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« Last Edit: April 26, 2025, 11:35:42 am by LMAO »
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And where did this $15 billion come from?

From the pockets of ordinary Americans and American companies, not foreigners.

Taxing America more is an achievement to be celebrated now??
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Offline IsailedawayfromFR

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And where did this $15 billion come from?

From the pockets of ordinary Americans and American companies, not foreigners.

Taxing America more is an achievement to be celebrated now??
That old canard is getting old.  Better read up on tariffs before you blow your gaskets.

Trump’s Tariff Critics Are Trading on Overblown and Unfounded Fears
https://www.heritage.org/trade/commentary/trumps-tariff-critics-are-trading-overblown-and-unfounded-fears

Since most of the world has had higher tariffs than the US, what you are saying is that almost all countries stiff their own citizens rather than foreign countries.

Not believable in any reasonable sense.
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Offline LMAO

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This  is what’s going on outside the Trump media bubble


https://www.axios.com/2025/04/26/trump-china-soybeans-pork-tariffs


Here comes the bailouts. Especially next year going into the 2026 midterms.
« Last Edit: April 27, 2025, 11:44:13 am by LMAO »
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Offline kevindavis007

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Yup. They will bitch and moan.  But have plans  to try and spend it on illegals.


I don't recall any tax cuts being passed.
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Offline IsailedawayfromFR

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This  is what’s going on outside the Trump media bubble


https://www.axios.com/2025/04/26/trump-china-soybeans-pork-tariffs


Here comes the bailouts. Especially next year going into the 2026 midterms.
yep. China now starves it's citizens.

Doubt those people will enjoy that.
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Offline IsailedawayfromFR

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I don't recall any tax cuts being passed.
Anybody on this board know what he's even talking about?

He musta tuned into the wrong station.
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Offline The_Reader_David

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Re: $15 Billion And Climbing: Trump’s Tariffs Deliver Record High Revenue
« Reply #10 on: April 27, 2025, 06:59:56 pm »
That old canard is getting old.  Better read up on tariffs before you blow your gaskets.

Sorry, but the indisputable fact that tariffs are paid by the buyer (in this instance and American business) or passed on to a subsequent buyer (another American business or an American consumer) is not a canard.  The downside to foreign exporters is the decrease in demand, since a tariff increases the price paid (without the seller getting more revenue).  The cost of tariffs to foreign business is not realized as tax revenue, since the decrease in demand is goods not exported, and thus goods on which no tariff is paid.

There are circumstances in which tariffs are useful -- dealing with the neo-mercantilist approach to trade of the ChiComs being one, protecting strategic industries is another -- but even then, to the extent they are paid, rather than just modifying market dynamics, the are paid by people in the importing country, in this case Americans.
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Offline IsailedawayfromFR

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Re: $15 Billion And Climbing: Trump’s Tariffs Deliver Record High Revenue
« Reply #11 on: April 27, 2025, 09:29:36 pm »
Sorry, but the indisputable fact that tariffs are paid by the buyer (in this instance and American business) or passed on to a subsequent buyer (another American business or an American consumer) is not a canard.

So the world's countries, which principally imposes higher tariffs than the US, are stiffing their own citizens for many years as they impose tariffs, and far worse than what the US historically has done?

You do understand how silly that sounds for you to make that argument, don't you? 

I'd say that is prima facie evidence that that is a myth you are espousing.
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Offline Weird Tolkienish Figure

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Re: $15 Billion And Climbing: Trump’s Tariffs Deliver Record High Revenue
« Reply #12 on: April 27, 2025, 09:32:46 pm »
Never thought I'd see the day conservatives bragged about the revenue the government was raising...

Offline roamer_1

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Re: $15 Billion And Climbing: Trump’s Tariffs Deliver Record High Revenue
« Reply #13 on: April 27, 2025, 09:33:23 pm »
So the world's countries, which principally imposes higher tariffs than the US, are stiffing their own citizens for many years as they impose tariffs, and far worse than what the US historically has done?

You do understand how silly that sounds for you to make that argument, don't you? 

I'd say that is prima facie evidence that that is a myth you are espousing.

That is in fact, the fact of it. YES, that's why Europe has such a high price on goods. YES that is why they have such meager selection.

You should go watch a european's first walk into a Wallyworld... or a Bass Pro Shop... they're all over yootoob. They are amazed. They gawk. They can't believe the selection...

Offline cato potatoe

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Re: $15 Billion And Climbing: Trump’s Tariffs Deliver Record High Revenue
« Reply #14 on: April 27, 2025, 11:13:41 pm »
This  is what’s going on outside the Trump media bubble

Here comes the bailouts. Especially next year going into the 2026 midterms.

Given another few months of scattershot trade wars, it won't matter what crazy stunts the dems pull, or what successes the administration enjoys on other fronts.  Trump will have chosen the path of stagflation, and the pubs will be toast in the midterms.  His net approval is dropping 1 point per week. 

Offline Weird Tolkienish Figure

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Re: $15 Billion And Climbing: Trump’s Tariffs Deliver Record High Revenue
« Reply #15 on: April 27, 2025, 11:16:26 pm »
Given another few months of scattershot trade wars, it won't matter what crazy stunts the dems pull, or what successes the administration enjoys on other fronts.  Trump will have chosen the path of stagflation, and the pubs will be toast in the midterms.  His net approval is dropping 1 point per week.

I don't think Trump is a dumb guy tbh. I actually think there's a small chance he sees the direction we're headed, abandons all but the most modest of tariffs, and with the DOGE reforms and unshackling industry from environmental overregulation, we see another 1980's. But not on the current path.

Offline Hoodat

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Re: $15 Billion And Climbing: Trump’s Tariffs Deliver Record High Revenue
« Reply #16 on: April 27, 2025, 11:31:44 pm »
Never thought I'd see the day conservatives bragged about the revenue the government was raising...

When encountering a contradiction, check your premises.  You'll find that the ones bragging aren't Conservatives.
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Re: $15 Billion And Climbing: Trump’s Tariffs Deliver Record High Revenue
« Reply #17 on: April 28, 2025, 12:38:21 am »
Government income needs to equal or exceed government spending. We've all agreed on that (the Balanced Budget) is kind of a 'holy grail', and as elusive as The Ark of the Covenant.
Newt Gingrich was the last to put one on the desk.

Which means we have to reduce out flow, especially waste and corruption (DOGE)...

...and, unfortunately, we will either have to cut some services or increase revenue.

There are a lot of 'services' that should not exist. Plenty of fat to trim without affecting longstanding programs for legitimate beneficiaries, and a lot of 'beneficiaries' who do not exist or who should not be receiving benefits (fraud and waste, IOW).

And balance all that with having a more effective military, building more Navy, and replenishing arms stockpiles.

The money has to come from somewhere.

Tariffs are a legitimate lever to bring industry back home, especially when combined with getting rid of the most nonsensical environmental restrictions which make it harder to establish or run manufacturing businesses in the US. That will increase the domestic tax base, and help balance the budget while creating jobs here at home, from construction to operation and maintenance.

It is a long term solution, not just kicking the damn can down the road while we enrich our most likely adversary in any future conflict.
« Last Edit: April 28, 2025, 12:42:26 am by Smokin Joe »
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Re: $15 Billion And Climbing: Trump’s Tariffs Deliver Record High Revenue
« Reply #19 on: April 28, 2025, 08:46:48 am »
https://www.axios.com/2025/04/27/farm-tariffs-bailout-trump-china


So are we going to bail out every business that’s been harmed by Trump’s tariffs? So farmers are losing a market to sell their products but we’re gonna pay them not to produce thereby creating further shortages that will bring food prices up?


That should be real popular with voters
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Offline LMAO

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Re: $15 Billion And Climbing: Trump’s Tariffs Deliver Record High Revenue
« Reply #20 on: April 28, 2025, 08:51:03 am »
I don't think Trump is a dumb guy tbh. I actually think there's a small chance he sees the direction we're headed, abandons all but the most modest of tariffs, and with the DOGE reforms and unshackling industry from environmental overregulation, we see another 1980's. But not on the current path.

Even if he abandoned tariffs, the damage is still done. Would you really want make a deal with a guy who can change his mind based on what mood he’s in when he gets up in the morning? China has proven if you stand up to him he’ll back down. So has the bond market.


I have little interest in streamlining government or in making it more efficient, for I mean to reduce its size. I do not undertake to promote welfare, for I propose to extend freedom. My aim is not to pass laws, but to repeal them.

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Offline IsailedawayfromFR

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Re: $15 Billion And Climbing: Trump’s Tariffs Deliver Record High Revenue
« Reply #21 on: April 28, 2025, 09:26:17 am »
Winning





https://twitter.com/Mollyploofkins/status/1916444214616826335
Yep, China's citizens will soon be starving for food.

Should really strengthen XI's power.

What are the NWSA’s top maritime cargo exports ?
By value

Oil seeds and grains — $3 billion
Industrial machinery and computers — $1.5 billion
Prepared vegetables, fruits, and nuts — $1.1 billion
Fish and Seafood — $851.5 million
Cereals — $821.8 million
https://www.portseattle.org/blog/five-fast-facts-about-maritime-cargo
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Offline Free Vulcan

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Re: $15 Billion And Climbing: Trump’s Tariffs Deliver Record High Revenue
« Reply #22 on: April 28, 2025, 10:55:37 am »
Sorry, but the indisputable fact that tariffs are paid by the buyer (in this instance and American business) or passed on to a subsequent buyer (another American business or an American consumer) is not a canard.  The downside to foreign exporters is the decrease in demand, since a tariff increases the price paid (without the seller getting more revenue).  The cost of tariffs to foreign business is not realized as tax revenue, since the decrease in demand is goods not exported, and thus goods on which no tariff is paid.

There are circumstances in which tariffs are useful -- dealing with the neo-mercantilist approach to trade of the ChiComs being one, protecting strategic industries is another -- but even then, to the extent they are paid, rather than just modifying market dynamics, the are paid by people in the importing country, in this case Americans.

It is a canard. The anti-tariff crowd is half slicing it and cherry picking. China has built itself from a centrally planning Marxist economy to one of the most powerful economic engine in the world in a mere 30 years, based on some of the most protectionist, mercantilist policies in existence.

Those practices have not hurt them at all.

The other half of that slice is that American jobs have bled out the last 30 years since NAFTA as we have always been on the short end of the stick. Even if we have negotiated an equal trade stance, the WTO or whoever is in charge will not punish our counterparts for cheating and skirting the agreement.

All of economics is circular, economic policies work on all directions for and against with winners and losers at every step. There is no half slicing. Tariffs may be rude and crude, but they are the only hammer we have against mercantilist nations. I do not think Trump means them to be permanent, it is up to those nations to decide that, although with China I do believe he is trying to isolate tem on trade.
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Offline Free Vulcan

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Re: $15 Billion And Climbing: Trump’s Tariffs Deliver Record High Revenue
« Reply #23 on: April 28, 2025, 10:59:14 am »
Winning

Meanwhile, manufacturing investment is coming back to America.

It's like those media pics that try to make a commie protest crowd look like millions when there's only hundreds or thousands. But hey keep up the snapshotting and cherry picking, it really makes you look like a smart one.
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Offline Free Vulcan

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Re: $15 Billion And Climbing: Trump’s Tariffs Deliver Record High Revenue
« Reply #24 on: April 28, 2025, 11:01:16 am »
That is in fact, the fact of it. YES, that's why Europe has such a high price on goods. YES that is why they have such meager selection.

You should go watch a european's first walk into a Wallyworld... or a Bass Pro Shop... they're all over yootoob. They are amazed. They gawk. They can't believe the selection...

True, but most of that merchandise is Chinese and Asian made. I'm not sure how much help we are lending to ourselves.
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