Tariffs are generating only 25% of the revenue needed to pay interest on national debt—despite pitch that it would be a silver bullet
Corroborated by 2 sources from 2 publishers
globalpolitics1d ago
TL;DR
Reports differ across sources; according to finance.yahoo.com, tariffs are generating only 25% of the revenue needed to pay interest on national debt—despite pitch that it would be a silver bullet When President Trump announced his plans for a new tariff regime, he said the action was “primarily to pay down debt, which will happen in very large quantity.” But fast-forward a little under a year, and the revenues generated by customs duties aren’t enough to make a dent in interest payments on national debt—let alone the headline figure.