Politics, trade: US tariffs: ideas about proceeds
Self-tutoring about the possible income from US tariffs: the tutor looks at some numbers.
One can’t be sure exactly what the import numbers will be for 2025, but based on import numbers from 2022, here are some ideas about possible proceeds from the US tariffs.
Imports from China :536B, 10 percent of which would be 53.6B.
Imports from Mexico: 455B, 25 percent of which would be 114B.
Imports from Canada: 437B, 25 percent of which would be 109B.
Imports from EU: 553B, 25 percent of which would be 138B.
Total proceeds from the tariffs might be around 414.6B. Mind, these numbers just give a general idea. By way of comparison, the US federal deficit in 2024 was 1.83T.
Source:
Jack of Oracle Tutoring by Jack and Diane, Campbell River, BC.
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