Are Tariffs Reducing the Deficit?

Trump is touting nearly $30 billion in tariff revenue for July—a 290% jump from last year—but are tariffs really reducing the U.S. deficit?

In this week’s Weekly Comment, Richard Vague breaks down:
Why tariff revenue has barely changed the federal deficit (still –5.2% of GDP)
How falling income tax receipts cancel out tariff gains
GM’s warning that tariffs could cost them up to $5 billion in 2025
How tariffs shift trade and risk shortages

Tariffs raise revenue, but also raise costs for households and businesses. Are Trump’s tariffs fixing America’s deficit—or creating new economic risks?

https://join.tychosgroup.org/

#Tariffs #TradeDeficit #USDeficit #TrumpEconomy #RichardVague #Tychos