President Donald Trump has begun posting the country specific tariff rate announcements on his Truth Social account.
Beginning with Japan and South Korea, President Trump is sending letters to each nation not currently in direct negotiations with the USA. Japan example below:
Both Japan and South Korea are assigned 25% baseline tariff rates “separate from all Sectoral Tariffs.” Additionally, if the nation participates in transnational shipping, the rate attempting to be avoided will be applied to the country violating the trade position.
Example: South Korea (25%) acts as a passthrough for a country with a higher tariff rate like Vietnam, 40%. If South Korea is caught engaging in transnational shipping then the applied tariff rate on the South Korean goods is 40%.
There are eight country notifications on Truth Social from today.
I’f like to see $1 Trillion collected by the end of the year….
There’s almost 200 Nations in the world. Some of them are going to attempt to transship and offenders will be paying extra.
We’ll see how things turn out.
I already know how it turns out. It benefits us.
Period
Ditto. You beat me to it.
I’ve seen this movie….
You are correct 🇺🇸👍🏻
Yes, excellent analysis, alot better than any “expert.”
POTUS knows who could attempt to get around the tariffs and how they would potentially try to do it.. That’s why he did the “Penguin Island” things awhile back just to show the world that he is in the know.
I would have preferred for the transship rates to be the total of both nations. Korea’s 25% added to Vietnam’s 40% for a total tariff of 65%. It only seems fair.
Yes! So if the wholesale manufacturing price is a $1 from the country of origin and the retail price is a $50, 65% is a pittance.
Back taxes?
Wow. Just wow.
The letter sent to the Japanese Prime Minister is direct, but cordial.
Amazing.
I never really thought any American administration would have the courage and backbone to do this.
Wow!
I’ve occasionally used the phrase, “Thank you for your attention to this matter” – I believe it was probably standard business practice (whether it still is or not, I cannot say)… but our President has made it his own – polite, and yet amazingly understated: a velvet-covered hammer – it’s perfect!!!
Didn’t professor Sundance teach us the US consumes 38% of all goods & services provided by the world? President Trump holds the cards!
yellow haired jacks.
Tariffs were the original revenue stream funding the US government before income tax.
Of course there was only national defense and no social programs to consider.
gov’t social programs took the place of family, churches and community.
might not be accidental…just sayin’
They did as intended.
Several years ago, the local churches, townships and counties provided considerable charitable work and distribution. At some point, milk and cheese giveaways from the government started to help out the farmers and dairies. That quickly grew into the government actually competing with the then normal charities with huge programs for widows and otphans. But when the LBJ government declared a “War on Poverty” that gave incentive for poor women to “marry the government” as a provider for their children, instead of a man with a job; America turned to become the Welfare State you see today!
The government did approximately the same thing with student loans. It started with the “need” to put certain kids into college that couldn’t afford it at all. At that small starting point, competing with local banks, the government radicals grew the programs far beyond any measure of sanity or prudence; we see a politician like Biden come in and turn it into a Welfare Bonanza and attempted Give-A-Way to buy votes.
The government radicals; generally Democrats, cannot resist the opportunity they have to impose the Cloward-Piven Strategy onto America. Creating obscenely expensive welfare programs that make the original problem small in comparison. This is far beyond Liberal thinking into the realm of wanting the destruction of America and Americans.
“Marry the government” – brilliant! Spot on!
Only one problem with the “Marry the Government” illustration. As far as I know, the government can’t impregnate 4th generation welfare queens 4 or 5 times with different men in order to increase their EBT allotments.
On the contrary, the government they “marry” is the biggest cuckold ever, as the welfare queens cheat on their “husband” with “his” full knowledge and approval in order to increase their allotments.
And the taxpayers are ultimately the ones getting “screwed” in these affairs, as we have to pay to raise other men’s offspring as well as our own.
Gubmint screws up everything.
Socialism and steam power came into the world about the same time and both were very popular. Both should have phased out at the same time. You see examples of both in the modern world and there are much more efficient sources to power the modern world. Over promising and underdelivering for over 150 years.
Not sure that is entirely accurate.
Direct use of steam for most applications has fallen by the wayside but it has not ever stopped being used as steam is great working fluid.
One application is used extensively in just about every thermo plant design based on the Rankine cycle to drive a turbine and generator for electricity. Only difference is where the thermal energy comes from.
Likewise, socialism like other derivatives of Marxism still has its adherents. Despite numerous failures inflicted on the common man as it always ended up serving the oligarchs at it was designed.
… steam is great working fluid …
As a Physicist/Engineer, I found that phrase quite humorous.
I’m an engineer nerd to the core, I guess …
God, family and country, in that order.
That is the formula for a healthy society.
Is Trump moving us back to that by eliminating waste and fraud and replace income tax with tariff revenue?
If tariffs move more production to the US and citizens don’t pay income taxes, wouldn’t that be a double benefit and a deficit fixer?
That would be amazing.
Absolutely amazing.
But the Left would still complain.
Trump has no long term plans to use tariff’s for government funding.
He’s using them as a stick to balance trade.
He’s not said this that I can remember
External Revenue Service is what the tariff collection agency is dubbed
And hopefully the IRS goes away along with the FED
Whiskey tax was 45% of revenue in 1900. Prohibition and the 19th Amendment created the need for income tax.
And it could have been more…
“My daddy he made whisky
My grand daddy too
We ain’t paid no whiskey tax
Since 1792”
Bob Dylan, Copper Kettle.
Wrong…just dead bang wrong…
first off, how does the 19th Amendment cause the 16th Amendment?
You really should bone up on history….
THE FED was the reason for the 16th Amendment…in order to back the fiat currency and further Government borrowing…
Of course there was another, more sinister reason…such as social engineering and control….
Wilson knew what he was doing when he was doing commie….
<…the 19th Amendment created the need for income tax.>
Granting women the right to vote?
I guess a case could be made 🙂
If I recall properly, President Lincoln was the first to bring in an income tax.
I thought that I had read that the income tax was a “temporary tax” to fund the World War I effort, which the politicians forgot to repeal after the war.
Please correct me if I am mistaken.
it was NEVER properly ratified….
But heh…..details….
The 16th Amendment is what brought us here…
That alone has been the most anti American Amendment to our Constitution….
Wilson knew what he was doing when he did commie…..
Preceded by the telephone tax levied to finance the Spanish – American War.
A starving Government is a complacent one…..
Don’t let the “free-traders” hear this.
They might get apoplectic.
Watching your manufacturing base get hollowed out over decades is patriotic dontcha know?
“Free trade” is anything but free.
Tariffs are the cost of doing business.
US Customs provided the bulk of Federal Government revenues prior to the imposition of the income tax.
Could it ever happen again?????
YES!!!!
Between the passage of the Big Beautiful Bill, resistance to deportations, and the new trade tariffs, I think the 2026 midterms are a foregone conclusion. Democrats regain control of the House in January 2027.
Whatever you’re on…double it…or cut it in half
ha ha ha .. thank you
Thanks for your concern. But I 100% doubt it.
End.
That is the chance we have to take. Knowing how different states rig the elections it is a foregone conclusion that 2026 will be tight, especially with the Musk situation.
Another too big to rig, get out the vote for MAGA folks. Start now!
In the meantime the tariffs will be bringing in much needed dollars to help bring the deficit down. Time is short, no time to weaken positions or waver from success.
Spot on!
You may be right or wrong, but the soap opera will be fun to follow and track!
I hope it has a good sound track!
Illegal alien deportations are one of the few policies that are extremely popular without a doubt popular. Even main stream media has this issue polling in the high 50s. The rest is debatable but not that. I am amazed at how popular it has become and I suspect that the blatant “resistance” that you note is one of the reasons. The stark ingratitude, waving of foreign flags, rioting, blocking roads, etc. is winning no fans with the public.
Live in fear.
I think you want to go on over and follow Elon, or as Steve Bannon has been calling him, Elmo.
I saw a Cyber Truck up close today – wish I hadn’t.
If only Elon has seen a ’66 Chevelle in his childhood.
People are going to push back on this comment, but it is 100% spot on.
Im for the OVERWHELMING majority of what Trump is doing, but left is foaming at the mouth.
and what do normal folk do with a foaming mouth?
The left is ALWAYS foaming at the mouth.
You forgot the apostrophe in the contraction for “I am”. Should be “I’m”.
Media Matters is pretty particular about grammar and punctuation. Get it together or you might not get the fee!
USAID is defunded, Media Matters $ are very tight these days!
Real Wages up, unemployment down, inflation down, one peace deal, one cease fire, GDP ready to explode. Wake up.
This is absolutely glorious. Long overdue!!!
BOOM BOOM! —-out go the lights!
lessee the dems and the judgies spin this around
theres gonna be a wholelotta cryin going on tonight in the big city.
Little Walter. The live version cover of the song put Pat Travers on the map.
This Epstein diversion is good for USA, however the lies of the Epstein situation will be compared to the disgrace of Afghanistan and 2020 COVID/election bullsheet
I highly doubt it. While it will cause an uproar for a while, and some will try to amplify it further, the ‘situation’ will likely not be a factor going forward to the midterms.
Get serious, Missy Caroline lossed all cred
Is “Missy Caroline” running for office in 2026?
It is President Trump who loses cred. All others are immaterial.
The US has been abused for decades by our trading partners. Don’t settle for getting even, get ahead of the game.
While Japan was not technically part of the Marshall Plan, we did spend billions on their reconstruction. And, we were happy to do so, despite the fact that Japan was the aggressor … not just against us, but virtually every country bordering the Pacific Ocean. At some point, however, the handouts and the special accommodations need to end. 1945 was 80 years ago!
I have no animus towards Japan, I simply want to treat them as equals, on an equal playing field.
It is what the people voted for, fair and equal trade.
We voted for a lot. Take the cartel out, arrest Soros, fair elections just to name a few. STILL WORK TO DO!!
What a very interesting diplomatic strategy. Instead of these “letters” being confidential, or even “secret,” they have been made precisely the opposite.
What an interesting influence “the Internet™” has now had!
no twisting the information by the Intelligencia or MSM if it’s right out in the open for all to see!
Funny how most people don’t put two and two together. Why does everyone think PDJT created Truth Social? So his message CANT BE SILENCED!!!
PDJT having Truth Social is that he does not have to waste time contending with networks and so-called reporters before Truth Social was operating. Reporters are still as dumb, nor care except for the handouts and will be out of their jobs without the spins and ‘narratives’; rather, their statements couched as questions. They continue to omit what PDJT said or what happened as seen on Truth Social. The whole world with exposure to Truth Social see what’s there .. and decide for themselves.
From here on out, PDJT’s streaming network has gone global. Trump Media launches its TV Streaming Platform with Newsmax channel globally. That will also eliminate (not that it won’t happen) fake videos, skewed interviews and AI generated fakes particularly from CNN networks overseas.
Educating the world one day at a time.
Could these countries adjust their currencies to compensate for tariffs?
Team Trump is well aware of that. If they attempt currency manipulation then the tariffs get increased.
I’d prefer the President didn’t share these letters and just waited until things are finalized.
Sausage-making confuses the heck out of most people and just creates NOISE.
the recipe is no longer in process. Sausage is already cooked 🙂
Another way to look at these letters being shared is that, Japan and South Korea being favorable trading partners, those nations that are unfavorable, unbalanced, abusing the generosity of the United States,
now seeing how these nations are being tariffed now have a chance to re-examine their trade negotiations with the U.S. now aware that, if this is how the U.S. treats great trade partners, they can now easily guess if they don’t come to more agreeable (to U.S.) terms their tariffs will be much higher, yuge even.
Sending signals to those sitting on the fence, such as the EU, by openly showing the letter to Mr. Japan seems quite smart.
Great thoughts, Bessie!
Imagine the “comparisons” to be making between early-vs-late “letters to leaders” …
• By their Corporations
• By their Constituents
• By their Competitors-for-Office
… No laughing matter! 🤭
Disagree.
While the detailed back and forth should remain confidential, going public like this puts pressure on everyone to make something happen.
Well that’s odd.
CTH is probably the premier site revealing and in fact, pouring sunlight upon, the sausage-making process you describe.
If you find the process so distasteful, why in the world are you even here?
CT is a seminar concern troll.
Excellent. These loser countries wanted to try to continue there parasite trading benefit with the USA and President Trump is having none of it. Welcome to a new world you parasite losers. MAGA
Start looking for made in USA products. Hopefully companies will look to make more here. 30 years of closing US manufacturing facilities means it’ll take some time but new ones will be modern. Start investing in America!
40+years.
I was an industrial consultant for over 40 years. There are many available facilities empty and ready for occupancy. It is much quicker to move manufacturing into an existing facility than it is to start site selection from scratch. There are at least three in my small Kentucky town. One is 1 million SF with a rail spur.
McMinnville TN empty factories, has more than you’d think for a county of 40K
i drove to work in youngstown ohio from pa. for a few years. on i-80 at girard you could see torches burning in the dark at 5:30 in the morning dismantling the steel mills and factories. i have prayed for a resurgence of american industry. this is it.
There are thousands of buildings all along the VA/NC border counties that once housed furniture and textile mills.
I really want to see furniture that does not need to be reglued every year and fabrics that retain their shape plus color after a washing or two.
Ditto that!
It isn’t just the principle that returning manufacturing here would serve.
In many cases it’s also getting back quality of goods that used to be available to every American.
I too dream of a clothing industry where I can find things that last right in my own town.
Canon towels were made in a tiny town in VA with roughly 1100 residents.
They had a store in the main office building of the mill where you could buy quality linens at low prices.
I remember seeing the “seconds” from the towel companies being sold
at gas stations. I bought several bags for friends and family at amazing prices.
I wonder if Lenox still has their outlet stores. I even bought a couple of complete sets at unbelievable prices too. I took orders from a couple of the Japanese girls on my tennis team and had them shipped back to Japan.
Lenox products have not been manufactured in the USA for at least 5 years.
I have a Lane Furniture cedar chest, decades old, been moved umpteen times. Still looks and smells brand new.
Same here….and you’re right.
I also have a small Lane jewelry box I got when I was 12. Same thing, still smells faintly of cedar and also looks new.
It would be helpful to understand what “sectoral tariffs” are.
Steel and Aluminum, for example.
Tariffs that apply to a specific sector. Example provided by other reply.
Auto sector.
More Winning!!!
In 2015, Jeb Bush told America that illegal immigration was “an act of love,” and the legacy media, Wall Street and the GOP Uniparty declared him the presumptive Republican nominee. Then Donald Trump declared his candidacy and said we must secure our border with Mexico, and the legacy media, Wall Street and the Sea Island Uniparty declared Trump a racist, a facist and utterly unelectable!
Then Trump trounced Jeb Bush in the primaries!
So the legacy media, Wall Street and the Sea Island Uniparty said it didn’t matter because Hillary Clinton was unbeatable and had double digit leads in the polls.
Then Trump45 was elected!
When Trump47 imposed tariffs on all the trading partners who’ve been ripping off the U.S. for 80 years, the legacy media, Wall Street and the Sea Island Uniparty cried that prices to U.S. consumers would go through the roof, inflation would soar and the stock market would crash.
Then the opposite happened!
So all the gutless wonders in the legacy media, Wall Street and the Sea Party Uniparty are at a loss about what to do now because all their lies didn’t work!
And Japan and South Korea are at a loss because they’ve never had to deal with an American President who wasn’t gutless!
Well there is this by Charlie Kirk
Trump being pushed to give amnesty to 25 million illegals!
https://www.thegatewaypundit.com/2025/07/charlie-kirk-massive-push-happening-behind-scenes-get/
No to a mass amnesty.
Nonononono
No!
RIGHT ON LionTigerBear
RIGHT ON !!!
Musical
ChairsTariffs.With VSGPDJT playing like Mozart.
Its so simple when you look at all of this through a monetary system lens with 5,000 years of guidance, money vs currency.
The massive advancement of energy development and technology (industrial revolution of the west) was enabled by the US currency post WW1 up until 1971 to dominate the monetary system. After that they world didn’t have better system so the paper gold standard replaced it as long as the oil producers would reinvest ‘some’ physical gold in the west.
That world is now gone.
In fact given the national security state of the US it was gone long ago. I’m amazed how an illogical system can continue on.
Regardless, we now live on natural resource constricted world of over nine billion people that don’t want break backing work, dirty water, and shit hole for bathroom. Thus they natural immigrate to nations that offer a better life.
In short even the poorest person in the Western world lives better.
Still the flame of the West must survive or the entire world will become South Africa or worst, CCP China. Orwellian to its core.
Retired Magistrate here: Oh, oh, stand back it is the “thank you for your attention to this matter” closing.
Back in my days litigating, I occasionally enjoyed a naughty pleasure when I signed the cover letter going to an opposing counsel with fifty or so pages of burdensome discovery requests or whatever, and ending the cover letter with “thank you for your attention to this matter.” As though they could ignore “this matter.” LOL
Haha!
The candor, transparency, and as a result, respect, conveyed in these letters is remarkable.
when can i get some disposable picnic ware, like paper plates and plastic utensils,
that isn’t made in china, mexico or viet nam?
we can and should make EVERYTHING here.
totally support PT’s plan to return the USA to manufacturing self-sufficiency and re-shore jobs,
and this is all part of the plan.👍🏻🇺🇸
This important and will lead to Peace & Prosperity. Slowly start the engine of small manufacturing in the USA.
Right on!
‘Bout time they started paying us back for the lives and treasure spent on them….
long past time…
Tariffs are a pretty complex subject but here’s my two cents:
A company has a variety of costs before they can bring a product to market, since we build cars up here in Michigan let’s use the Chevy blazer as an example. GM has to design a car, procure materials to manufacture, pay labor, real estate, taxes, insurance, etc, etc. then they have to price a car based on how many units they need to sell to make a profit.
This is difficult to do if they make the car in the USA because they can’t export it to very many countries they way things have been. The only can sell it to 50 states or so if it’s made in the US. So it costs more for the American consumer to buy it because all of the costs of development and manufacturing fall on our shoulders.
Mexico, however, has better trade deals than we do here at home, so guess where they make the Blazer? This is why so much manufacturing has gone south of the border, Mexico simply has better access to markets.
That is until now. With the restructuring of tariffs, GM is bringing production of the Blazer back to Michigan. This never would have happened without President Trump.
Another price we pay is when the factories leave our towns and cities. A town near my parents used to stamp body panels for a popular Ford car. They say for every job in an auto plant it’s seven jobs in the community…the banker, the bus driver, the school teacher, the barmaid, it goes on and on.
The plant shut down maybe ten, fifteen years ago. Several large businesses that supported the factory were closed, so was the bar next door and the town fell on predictably hard times. Property values went down or not up as fast as other areas, people moved out, less kids went to the local schools.
So we pay for the loss of jobs as well, by our neighbors either leaving or being in jobs that pay less, which means they spend less and restaurants close and barber shops close and the civic pride takes a dive as well.
I’m thankful someone finally is taking a stand on trade.
You know who doesn’t pay tariffs? GSA.
We sell heavy machinery subject to tariff. The tariff gets passed on to the consumer. We are not eating it. Our manufacturers are not eating it. We pass it along.
Yes, I know GSA is our money… but if tariffs are terrific for the American public why aren’t government agencies budgets amended to pay tariffs too… and let that tariff money flow to the treasury for buying commodities produced outside the United States? It’s another revenue stream for the public treasury. Plus might encourage government agencies to buy domestic-made products stimulating our economy further.
But no… GSA buys whatever it wants, however it wants. Let the “little man” pay tariffs. Taxation to the fifth decimal place is big business… just ask those state revenue departments that set gasoline taxation.
Yet, it is still the same ol’ same ol’…. “good for me, but not for thee”.
The demonrats tried to warn that tariffs were just more taxation… but no one listens to them because they’re crazy and call boys, girls and girls, boys. I don’t listen to them either… just merely stating the fact of what’s happening on tariffed goods right now in corporate business.
Here’s a concern… when another liberal or RINO loon tune gets in the White House… they’ll have learned the tariff game from Trump. They’ll take the tariff money AND tax us too…. and there’s not a thing we will be able to do about it… because NO ONE represents us.
Trump will not be here forever… and the sharks are swimming underneath the current just biding their time. We have 3 1/2 years to fix this mess… using the tools in place.
I’m not saying “tariffs are bad”… I’m saying just be REAL about it.
GSA?
mostlyOgauge: General Service Administration, FedGov’s purchasing department.
Love the phrasing in the letters. Reminds of the late, late night infomercials.
You can have tariffs for the low, low amount of 25%. But wait, there’s more. For transnational shipments you can have 2 for 1 tariffs, your 25%, plus their 30%; just 55%.
Making America Wealthy – A brief history on William McKinley, the “Napoleon of Protection”
https://www.stateoftheunionhistory.com/p/making-america-wealthy-brief-history-on.html
Methinks that President McKinley got shot because he was stepping on the toes of globalists in his era.
It was not that far removed from the 1912 election that gave us Wilson in time for WWI either.
Yup. 🎯
Given that the only real alternative these countries currently have is to abandon the U.S. market, the largest consumer market in the world (including China), which would mean economic suicide and social upheaval for not a few, some accommodation on their part will be necessary. They have two options: bring down their own confiscatory trade policies or move the manufacture of the products they want to sell to the United States to the United States.
There will be consternation and teeth gritting all around the globe, but what an opportunity for American manufacturers to take back the markets that Bush and related globalists shipped overseas! 🙂
J
Unflappable and unstoppable…the man is SISU MAGA…and We The People are benefiting in spades with his leadership and unrelenting forward progress. In a word: Winning.
May God continue to offer His protection and guidance.
Camperfixer, as an RV’er (travel trailer) I am curious if you have a website or Social Media for repair help. Thanks! BD
Him know how to turn screws that get results and minnehahas.😂
Beautiful!
I heard President Trump is also putting punative tariffs on any country that cooperates with BRICS.
https://www.foxbusiness.com/politics/trump-threatens-additional-10-tariffs-anti-american-brics-nations
Wow. Just wow.
I never thought any American administration would have the backbone to do this.
But our President does.
Wow!
They better take him very, very seriously.
After the integrity hit he was forced to take today, I can practically guarantee that POTUS is very much in a FAFO mood.
blah blah
Why is there no reporting on Netanyahu and 15 knisset members visiting Washington DC? It’s too bad our government operates in secrecy because we citizens need to know what is being discussed don’t you think?
i just watched the whole bunch on television.
Fox news? I bet that was some hard hitting reporting.
President Trump doesn’t drink alcohol.
But I bet that his policies like this sure drive a lot of other people to drinking! LOL
both ways. i’m celebrating.
I have a feeling the date got pushed back to allow Japan to have its mid-July election. Good chance they’ll settle after that. SK and the EU will probably accept an asymmetric agreements too in the end.
Boom! Trade balance is coming, at last. Plus the tariff revenue helps pay down the national debt. Winning g!
MAGA Fabulous!!
President Trump has a big bottle of Winnamins on his desk along with bags of Cheetos!!
👊👊❤️❤️🇺🇸🇺🇸🙏🏻🙏🏻
JULY 07 2025
HAARETZ
U.S. Pouring Hundreds of Millions of Dollars in Military Aid Into Building IDF Airbases and Facilities in Israel
[…]to accommodate the Israel Air Force’s new refueling aircraft and helicopters, as well as a new headquarters for the Israeli army’s Shayetet 13 naval commando unit, and numerous other projects
[…]ongoing projects valued at more than $250 million, with future projects expected to exceed $1 billion.
[…]The program covers the construction of new facilities at various military bases, including clinics, naval piers, headquarters for different units and ammunition storage sites.
[…]project to construct another secret underground facility, known as “Site 81,” with an estimated cost of $100 million…….the underground facility is located beneath a building in central Tel Aviv.
MORE:
https://archive.ph/7O8ll
Lots more billions going to Ukraine and no idea where it went or what it bought.
Is the USA able to track any or all transshipping?
The media is dishonest in claiming that the tariff then gets passed straight through to the U.S. consumer. It’s not that simple. Countries have other things to consider. Their competitive position vs other exporting nations selling the same or similar goods. The competitive position vs U.S. producers. Their own factory capacity usage and employment. Countries, especially China, do not want a drastic reduction in their units sold requiring them to layoff workers and have lots of idle factory capacity. China is absorbing a lot of the tariff because they don’t want the idle capacity & unemployment. During Trump’s 1st term China also devalued its currency which serves to lower the price of its goods so even with the added tariff the selling price remains the same to U.S. consumers. We can expect many countries to at least partially offset the tariff if not all of it. The result will be a decrease in the U.S. trade deficit which increases domestic GDP and the tariff revenue will be an offset to the national debt. Trump is correct.
Is the 25% on top of the 10% baseline rate?
Just goes to show ya that you can kick a country in the rear and be nice about it.
😂🥾
Does this mean we are going to have to listen to him say 500 times “we gave $30 billion to our farmers”
Can one of the internet economic experts here tell me how much Trump’s 1st term tariffs reduced a the deficit by?
–>> Politico: “The United States has generated $97.3 billion this year from tariffs as of June 30, the latest data available *** 109.5% more than the same time last year. *** Federal income taxes, meanwhile, brought in $2.4 trillion in 2024.
“And the $50.9 billion difference in tariff revenue year-on-year is just part of the story. ”
https://www.politico.com/interactives/2025/trump-tariff-income-tracker/
–>> Financial Times: US tariff receipts surge in Donald Trump’s trade war
Figures show record $24.2bn raised from the levies in May but highlight potential for distortion to global trade flows
https://www.ft.com/content/08af277f-13d5-4294-ab25-1866b5233abe
** “US tariff revenues surged almost fourfold from a year earlier to a record $24.2bn in May ** the first full month in which President Donald Trump’s 10 per cent global tariff was in effect.”
Hopefully Sundance can include on-the-ground numbers in the future.
Trump also imposed 25% tariffs on goods from Kazakhstan, Malaysia, and Tunisia. Higher rates will apply to imports from South Africa and Bosnia and Herzegovina (30%), Indonesia (32%), Serbia and Bangladesh (35%), Thailand and Cambodia (36%), and Vietnam, Laos, and Myanmar (40%).
Love!