Since the beginning of the year, US tariff policy has turned into a large-scale economic experiment, which analysts around the world are watching with interest. The latest data for July shows impressive results: tariffs brought $152 billion to the federal treasury, which is almost twice as much as last year.
Economists note that even a change of administration in the White House may not lead to the cancellation of ‘Trump tariffs’. The reason for this is the sudden source of significant revenue for the government and the lack of obvious alternatives that could quickly compensate for it through new taxes.
According to experts, the US is capable of collecting $300-350 billion a year from tariffs. Of course, these amounts are not comparable to the scale of the federal deficit, which exceeds $1 trillion a year, but they could be the first step towards reducing it.
