Have a new miscellaneous thoughts and observations post up on Substack.
It's true that the amount of money collected as tariffs will decease over time as the announced investments in America become reality and the new manufacturing facilities replace goods that otherwise would have been imported (and subject to tariffs). Don't think President Trump cares though since he gets to announce the deal while the construction of the new plants help the economy as do the tariffs. By the time the plants come on line in a couple of years he'll be leaving office.
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"By the time the plants come on line in a couple of years he'll be leaving office."
ReplyDeleteYou make this sound like a deceptive practice by the President.
When the plants come on line they start generating business taxes, sales taxes, payroll taxes, etc. And since money is fungible, it doesn't matter HOW the income is generated (tariff or tax).
Not deceptive at all - just that some seem to believe that tariffs will last forever. Once those plants come online (with no taxes thanks to BBB) the tariffs will be greatly reduced. And all the benefits you mention will not only begin but have a cascading effect on the economy.
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