Investigating Trump's Claim Of Using Tariffs To Pay Down $21 Trillion In Debt

Things We Know

  1. Trump is "Tariff Man".
  2. President Trump and Treasury Secretary Mnuchin are Totally Clueless About How Markets Function
  3. Trump does not understand basic math nor concepts like "large amounts". Paying down $21 trillion of debt via tariffs collected at $8 billion per year would take 2,625 years.

Point three presumes that the Treasury actually collected $8 billion in tariffs. The article shows that tariffs on Chinese goods cost $1.2 billion due to farm subsidies.

The administration's plan to a Convene Plunge Protection Team (PPT) is icing on the clueless cake.

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