Well the US collects taxes and a tariff is a tax so yeah, it will generate funds to run the government. I think this is why Trump likes them. He sees a huge influx in the taxes collected. Plus his followers are so stupid they think China/Canada/Mexico is paying them. Win/win for him. No wonder he thinks it’s the greatest word in the dictionary.
The best way to lower inflation is to pull excess cash out of circulation. It’s a correction for the cash influx that we saw through the COVID relief funds.
It’s not a popular choice, but pulling cash out of circulation is necessary to reduce inflation.
Well the US collects taxes and a tariff is a tax so yeah, it will generate funds to run the government. I think this is why Trump likes them. He sees a huge influx in the taxes collected. Plus his followers are so stupid they think China/Canada/Mexico is paying them. Win/win for him. No wonder he thinks it’s the greatest word in the dictionary.
The best way to lower inflation is to pull excess cash out of circulation. It’s a correction for the cash influx that we saw through the COVID relief funds.
It’s not a popular choice, but pulling cash out of circulation is necessary to reduce inflation.