05-05-2025, 01:04 PM
(05-02-2025, 02:31 PM)putnam6 Wrote: Ben Werschkul · Washington Correspondent
Updated Fri, May 2, 2025 at 12:08 PM EDT 4 min read
President Trump's tariffs became very real for importers last month as the government collected more than $17.4 billion in "Customs and Certain Excise Taxes" during April.
That was nearly double March's haul of $9.6 billion, dwarfing the smaller spikes in revenue seen during Trump's first term.
All told, the duties have deposited more than $70 billion into government coffers since Jan. 1.
"As Billions of Dollars pour in from Tariffs ... we’re only in a TRANSITION STAGE, just getting started!!!" Trump said on Truth Social Friday.
He could be right. April's data will perhaps provide only a glimpse of what's coming. The biggest tariffs — 10% duties on nearly every country in the world — took effect on April 5, with plenty of additional tariffs promised for the months ahead.
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JUST IN - Temu halts shipping direct from China as de minimis tariff loophole is cut off — CNBC
JUST IN: TEMU has announced they will begin sourcing and shipping products directly from the United States instead of China due to Trump’s tariffs The company has announced they do NOT expect to raise prices. This was President Trump’s goal, and he’s meeting it!
Who pays these tariffs? Isn't it the US importer? And ultimately the US consumer?
It doesn't seem to be China, etc, or do you think it is?
https://www.bankrate.com/taxes/trump-tariffs-explained/
Just another tax on Americans, no?
Or am I misunderstanding?
Or, maybe, you are?
'l'll just check my Giveashitometer....Nope. Nothing...



