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If tariffs don't raise the prices of imported goods, consumers have no reason to buy more expensive American made goods.
If tariffs raise the prices of imported goods, American manufacturers have no reason not to raise their own prices.
Tariffs are a sales tax on consumers.
Treasury Secretary Scott Bessent@SecScottBessent
Tariff revenue has continued rising under @POTUS’ America First trade agenda, surging to record highs over the past four months. Collections remain well above last year’s levels and are now a stable, growing source of federal revenue.
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