#trade-economics

#trade-economics

The $175 billion in illegal tariff revenue accruing interest in the Treasury will cost American taxpayers $700 million monthly, with federal regulations requiring refunds with compounding daily interest rates of 4.5-6%.

Trump proposes replacing income taxes with tariff revenue, but customs duties of $195 billion fall far short of the $2.6 trillion needed, and higher tariff rates cannot proportionally increase revenues due to reduced consumer demand and domestic substitution.