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  • Trump Ecstatic About Tariff Revenue

    From Joseph Pereira@1:124/5016 to All on Wednesday, August 13, 2025 06:31:34
    President Trump enthusiastically announced yesterday that import tariffs have generated a whopping $27 billion.

    To his supporters, he continues to present this as a win.

    This means that importers (American companies) have paid $27 billion in taxes.

    This $27 billion will either come out of consumers' wallets or reduce the profits of these companies. If it's the latter, companies will have to cut costs, which will lead to job losses, and jobs are essential for a strong economy.

    Something's got to give.

    While Trump may be enthusiastic, the American economy is going to take a huge hit, and it's because of these import tariffs. A tax cut for companies won't help, as it will only increase the government's deficit.

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