U.S. Tariffs Only Bring In $80 Billion While $3.83 Trillion Is Spent on Imports
December 10, 2024
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0:56Now PlayingU.S. Tariffs Only Bring In $80 Billion While $3.83 Trillion Is Spent on Imports
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as posted by the channelIn 2023, the U.S. collected $3.83 trillion from imports, but tariffs only brought in $80 billion—just 0.17% of federal spending. Why did we shift from relying on tariffs for federal revenue to such a low contribution, and what are the implications of this change?
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