Reported about 16 hours ago
President Donald Trump has claimed that tariffs generate $2 billion per day in revenue for the U.S., but facts show that the actual figures are significantly lower. Customs duty collections for February and March were approximately $258.82 million and $263.48 million per day, respectively. Economists argue that Trump's claim ignores supply and demand changes that tariffs can cause, and that U.S. importers bear the cost of these tariffs, which tend to increase retail prices for consumers.
Source: YAHOO