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Originally Posted by sammy the sage
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What you linked has little to do with what I posted and the point I made, but I expected such.
Not dismissing the federal debt but until the debt-to-GDP ratio reaches 115+ per cent, the geniuses in Wash DC will continue to spend and waste money... and tax. We're at a dangerous 107 per cent now.
This is just the steel and aluminum tariffs; now that China and the other trading partners have agreed to lowering their tariffs, buy more of our goods such as cars and soybeans, etc., this will add moolah to the US Treasury and narrow the deficit (but not the federal debt; that needs radical change and the country is too soft for the required medicine needed.)
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The Trump administration has assessed $4.4 billion worth of duties on steel and aluminum imports and a range of goods from China under the tariffs it imposed in an effort to protect U.S. companies.
A spokesman for the Department of Homeland Security told the Washington Examiner that importers owe the federal government $4.4 billion for importing goods hit by the tariffs through Oct. 2, but said it was unclear how much of that total has been collected. The Treasury Department didn't have details on what portion of the $4.4 billion had been collected, and how much was still owed.
Still, the assessments show that the tariffs are imposing a real cost to importers, who are responsible for paying the charge.
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https://www.washingtonexaminer.com/n...n-and-counting
