Trump tariff revenue soars 78%. Who's paying them?

Tariff collections are up sharply in the last 2 months. Congressional forecasters say tariffs could help reduce the federal debt, but they'll also lead to higher inflation and slower economic growth.

Trump tariff revenue soars 78%. Who's paying them?
Cargo traffic at the Port of Oakland has slowed since President Trump imposed worldwide tariffs in April.

Tariff collections are up sharply in the last 2 months. Congressional forecasters say tariffs could help reduce the federal debt, but they'll also lead to higher inflation and slower economic growth.

(Image credit: Justin Sullivan)