Can tariffs ‘pay off our deficit’? Unlikely

Fact check: Could Trump’s trade tariffs pay off the US deficit?

Commerce Secretary Howard Lutnick says tariffs will plug US finances, but experts say it’s unlikely.

Can tariffs ‘pay off our deficit’? Unlikely

Commerce Secretary Howard Lutnick said President Donald Trump’s tariffs will bring in enough revenue to “pay off our deficit.” Independent analyses say this claim is unsupported.

Howard Lutnick’s Sons Running His Old Firm Are Betting Against Trump Tariffs

Commerce Secretary Howard Lutnick is selling the tariffs he defends. His old firm, Cantor Fitzgerald—now run by his sons Kyle and Brandon—has built a market for refund rights on duties imposed under President Donald Trump’s trade war. The bet is simple: courts strike the tariffs, companies get money back, and Cantor pockets the spread. Cantor […]

Trump tariffs would not ‘pay off our deficit,’ as commerce secretary said - Taxpayers for Common Sense

“I can’t envision a scenario where the tariff revenues eliminate the deficit,” said Steve Ellis, president of Taxpayers for Common Sense, a group that tracks the federal budget. Read the Full Article at Politifact The post Trump tariffs would not ‘pay off our deficit,’ as commerce secretary said appeared first on Taxpayers for Common Sense.