Here's a question I've been wanting to ask for a while. I know that language like "the U.S. places tariffs on $10 billion of Chinese imports" is crafted to create the most shock, both by the Administration (who are using tariffs as a club to beat other countries with) and and the media, who like to report big, scary numbers.
My question is, when the U.S. government charges tariffs on cars, or electronics, or steel, who "gets" this money? The government is taking it, right? Do they keep it as part of the tax base, put it in the treasury, use it for programs to help make American manufacturers more competitive? Is there a point where tariffs, while bad all around, can help shore up, say, the funding of government, which is currently done through new debt issues?
Submitted September 10, 2018 at 11:00AM by peterinjapan https://ift.tt/2QgXZii
