Dec 14, 2018
11:33:07am
11:33:07am
And incremental tariff revenues collected were over $4 billion as of mid-Sept.,
despite mostly have been imposed well after the start of the year, with higher levels scheduled to kick in. This article is from September:
"As of Wednesday, the U.S. Customs and Border Protection assessed $2.2 billion in tariffs on imported steel and $625.4 million on aluminum, as well as $1.2 billion in duties on Chinese imports, according to the agency’s data. The amount represents additional federal income from levies imposed on foreign imports of the metals and Chinese products this year."
"Trump imposed the metals tariffs from March and has been adding duties on Chinese goods in stages, starting with a 25 percent levy on $34 billion in goods in July and on an additional $16 billion in August.
"A 10 percent levy will take effect Sept. 24 on $200 billion in additional Chinese products...and Trump has threatened to hit virtually all Chinese imports. China and other countries are retaliating with duties on U.S. exports."
"As of Wednesday, the U.S. Customs and Border Protection assessed $2.2 billion in tariffs on imported steel and $625.4 million on aluminum, as well as $1.2 billion in duties on Chinese imports, according to the agency’s data. The amount represents additional federal income from levies imposed on foreign imports of the metals and Chinese products this year."
"Trump imposed the metals tariffs from March and has been adding duties on Chinese goods in stages, starting with a 25 percent levy on $34 billion in goods in July and on an additional $16 billion in August.
"A 10 percent levy will take effect Sept. 24 on $200 billion in additional Chinese products...and Trump has threatened to hit virtually all Chinese imports. China and other countries are retaliating with duties on U.S. exports."
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In the 23 months since Trump's inauguration, the S&P has yielded an average annual return of 7.9%. Below the S&P's
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