Tariff Revenue Drops, Trump's Plans in Jeopardy

Tariff Revenue Drops, Challenging Trumps Economic Strategy: The first decline in tariff revenue since April raises questions about the effectiveness of using tariffs as a steady income source. With fewer goods imported and reduced taxes on everyday items, the administrations plans to use tariff income for debt reduction, rebate checks, and farmer aid packages are at risk. Experts warn that relying on tariffs could harm consumers, businesses, and international relations, potentially slowing economic growth.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.