vastardTrump promises 25% tariffs on steel and aluminum imports — including from Canada
acargitzHe has brought up before that the US government used to get its revenue from tariffs before income taxes were introduced.
The US is running ginormous deficits but their religion doesn’t allow them to raise taxes. So this might be his least bad option (talking about his internal politics, not the actual economics) to start addressing his deficit.
psvrhThe executive branch gets revenue from taxes, independent from congress.
The reason for tariffs is to have a source of funding he and his Project 2025 cronies control without oversight. Need to pay wages for the American Sturmabteilung? This is how you do it.