Trump's Tariff Revenue Falls Short of Promises

President Trumps tariff revenue takes a hit, despite growing spending plans. Hes proposed at least nine ways to use the money, from dividend checks to tax cuts, but economists argue these ideas exceed tariff income. A Supreme Court decision could invalidate many tariffs, potentially forcing refunds of up to one hundred billion dollars. The president has also suggested using tariffs for various causes, like Ukraine aid and WIC program support. However, most of these proposals have a larger price tag than tariff revenue, which is significantly less than individual income tax collections. Experts suggest eliminating tariffs as a better solution to offset their burden.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.