The U.S. collected a record $288 billion in customs duties over the past year, more than triple the level seen just a few years ago. Higher tariffs and increased import values have sharply boosted government revenue from trade taxes.
U.S. Customs Duty Revenue Hits Record $288 Billion
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Why The US President Loves “Inflation”?
The argument is that a decline in the price level, which is labeled deflation, weakens consumer and business expenditure, thereby paralyzing economic activity.