Loading ...How does tariff resolution fill Chinese factories? Except at the expense of not onshoring new factories in America? Isn’t the whole point of tariffs to end Chinese production for exports to the USA? and raise revenue to sufficiently to be able to end income taxes for earners under $200,000, tips and overtime: although I see he’s proposing increasing taxes on earnings over $2,500,000. But if tariffs work, the factories in the USA will be full of people earning less than $200,000 p.a., revenue from tariffs will evaporate because it’s all home made and the Chinese factories will still be empty. The US Treasury will be down well over a trillion in income tax revenue, almost certainly more than DOGE will recoup, military spending is now over a trill., the deficit would have been $2tn but will now be nearer $3tn – the numbers just don’t add up.
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