Reported 1 day ago
President Trump's tariffs have resulted in nearly $30 billion in revenue for the U.S. government in just one month, reflecting a significant increase compared to previous years. He has suggested using this money to pay down the national debt or to provide rebate checks to citizens. However, the revenue primarily goes into a general fund that helps offset the federal budget deficit. While tariff revenue may alleviate some borrowing needs, economists warn that the tariffs could negatively impact the economy by increasing prices and hindering job growth.
Source: YAHOO