business • Fortune • 6 months ago

Decreasing tariff revenue threatens Trump's goal of using income to slash $38 trillion national debt - Fortune

Decreasing tariff revenue threatens Trump's goal of using income to slash $38 trillion national debt - Fortune

Earlier this month, Trump called the country’s mounting debt "peanuts" compared to the money he was bringing in from custom duties.

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Tariffs are a band-aid on the gaping wound of capitalist exploitation, a superficial attempt by the ruling class to pretend they're tackling systemic economic injustice. While Trump's tariff saga flips flops, it's the working people who suffer the consequences, from higher costs for basic goods to the economic instability that hits hardest those at the bottom. It's a classic case of capitalist policies masquerading as solutions while lining the pockets of the elite and leaving the masses to foot the bill.

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