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  1. The Effects of Tariffs, One Year Into Trump’s Trade Experiment – The New York Times

    The Effects of Tariffs, One Year Into Trump’s Trade Experiment

    Five charts show the impact on the economy after a year of sweeping trade changes by the Trump administration.

    Listen to this article · 5:39 min Learn more

    Note: Data is through Oct. 2025. Source: U.S. International Trade Commission. The New York Times.

    By Ana Swanson

    Ana Swanson covers international trade and reports from Washington.

    Feb. 2, 2026, Updated 11:34 a.m. ET

    Over the past year, President Trump carried out what was essentially a grand experiment with the U.S. economy, by raising tariffs to levels not seen in a century. It was an exercise that pitted Mr. Trump, a longtime proponent of tariffs, against business owners who paid the levies and mainstream economists who criticized the plan.

    America imports trillions of dollars of foreign goods each year, and tariffs are a tax on those purchases. Over the past year, Mr. Trump raised average U.S. tariffs to about 17 percent, the highest level since 1932, in the wake of the 1930 Smoot-Hawley Tariff Act. Mr. Trump’s stated aim was to reinvigorate American industry and bring jobs back to the United States.

    These new surcharges have had a significant impact. They have caused businesses to speed up, delay and cancel purchases, or find new countries to source products from. They have raised a significant amount of revenue for the government, much of it from American businesses. And they have caused the U.S. trade deficit to shrink and prices of American goods to rise. At the same time, they have not yet been the panacea for the factory sector that Mr. Trump had promised.

    Here are some of the effects.

    Skyrocketing revenue

    One of the most tangible effects of Mr. Trump’s trade policy has been a drastic increase in the revenue the government takes in from tariffs. The United States collected an estimated $287 billion in customs duties, taxes and fees last year, nearly triple the amount in 2024.

    Source: Treasury Department. The New York Times.

    This amount is still small compared with the more than $2 trillion earned annually from income taxes, but it gives the government a significant new source of money for its spending, whether that’s funding the military or Social Security, or paying interest on the U.S. debt.

    There’s an important caveat, however. This money was paid to the government by so-called “importers of record,” most of which are American companies.

    While the Trump administration has said that foreign firms will end up paying the tariffs, most economists believe that American businesses and consumers bear most of the burden.

    Editor’s Note: Featured image at top is WP AI. –DrWeb

    Continue/Read Original Article Here: The Effects of Tariffs, One Year Into Trump’s Trade Experiment – The New York Times

    #30Billion #2026 #AmericanCompanies #Audio #Charts #Imports #OneYear #PaidTariffs #Tariffs #TheNewYorkTimes #TradingPartners #Transcript #TrumpSTariffs #TrumpSTradeExperiment
  2. The Effects of Tariffs, One Year Into Trump’s Trade Experiment – The New York Times

    The Effects of Tariffs, One Year Into Trump’s Trade Experiment

    Five charts show the impact on the economy after a year of sweeping trade changes by the Trump administration.

    Listen to this article · 5:39 min Learn more

    Note: Data is through Oct. 2025. Source: U.S. International Trade Commission. The New York Times.

    By Ana Swanson

    Ana Swanson covers international trade and reports from Washington.

    Feb. 2, 2026, Updated 11:34 a.m. ET

    Over the past year, President Trump carried out what was essentially a grand experiment with the U.S. economy, by raising tariffs to levels not seen in a century. It was an exercise that pitted Mr. Trump, a longtime proponent of tariffs, against business owners who paid the levies and mainstream economists who criticized the plan.

    America imports trillions of dollars of foreign goods each year, and tariffs are a tax on those purchases. Over the past year, Mr. Trump raised average U.S. tariffs to about 17 percent, the highest level since 1932, in the wake of the 1930 Smoot-Hawley Tariff Act. Mr. Trump’s stated aim was to reinvigorate American industry and bring jobs back to the United States.

    These new surcharges have had a significant impact. They have caused businesses to speed up, delay and cancel purchases, or find new countries to source products from. They have raised a significant amount of revenue for the government, much of it from American businesses. And they have caused the U.S. trade deficit to shrink and prices of American goods to rise. At the same time, they have not yet been the panacea for the factory sector that Mr. Trump had promised.

    Here are some of the effects.

    Skyrocketing revenue

    One of the most tangible effects of Mr. Trump’s trade policy has been a drastic increase in the revenue the government takes in from tariffs. The United States collected an estimated $287 billion in customs duties, taxes and fees last year, nearly triple the amount in 2024.

    Source: Treasury Department. The New York Times.

    This amount is still small compared with the more than $2 trillion earned annually from income taxes, but it gives the government a significant new source of money for its spending, whether that’s funding the military or Social Security, or paying interest on the U.S. debt.

    There’s an important caveat, however. This money was paid to the government by so-called “importers of record,” most of which are American companies.

    While the Trump administration has said that foreign firms will end up paying the tariffs, most economists believe that American businesses and consumers bear most of the burden.

    Editor’s Note: Featured image at top is WP AI. –DrWeb

    Continue/Read Original Article Here: The Effects of Tariffs, One Year Into Trump’s Trade Experiment – The New York Times

    #30Billion #2026 #AmericanCompanies #Audio #Charts #Imports #OneYear #PaidTariffs #Tariffs #TheNewYorkTimes #TradingPartners #Transcript #TrumpSTariffs #TrumpSTradeExperiment
  3. The Effects of Tariffs, One Year Into Trump’s Trade Experiment – The New York Times

    The Effects of Tariffs, One Year Into Trump’s Trade Experiment

    Five charts show the impact on the economy after a year of sweeping trade changes by the Trump administration.

    Listen to this article · 5:39 min Learn more

    Note: Data is through Oct. 2025. Source: U.S. International Trade Commission. The New York Times.

    By Ana Swanson

    Ana Swanson covers international trade and reports from Washington.

    Feb. 2, 2026, Updated 11:34 a.m. ET

    Over the past year, President Trump carried out what was essentially a grand experiment with the U.S. economy, by raising tariffs to levels not seen in a century. It was an exercise that pitted Mr. Trump, a longtime proponent of tariffs, against business owners who paid the levies and mainstream economists who criticized the plan.

    America imports trillions of dollars of foreign goods each year, and tariffs are a tax on those purchases. Over the past year, Mr. Trump raised average U.S. tariffs to about 17 percent, the highest level since 1932, in the wake of the 1930 Smoot-Hawley Tariff Act. Mr. Trump’s stated aim was to reinvigorate American industry and bring jobs back to the United States.

    These new surcharges have had a significant impact. They have caused businesses to speed up, delay and cancel purchases, or find new countries to source products from. They have raised a significant amount of revenue for the government, much of it from American businesses. And they have caused the U.S. trade deficit to shrink and prices of American goods to rise. At the same time, they have not yet been the panacea for the factory sector that Mr. Trump had promised.

    Here are some of the effects.

    Skyrocketing revenue

    One of the most tangible effects of Mr. Trump’s trade policy has been a drastic increase in the revenue the government takes in from tariffs. The United States collected an estimated $287 billion in customs duties, taxes and fees last year, nearly triple the amount in 2024.

    Source: Treasury Department. The New York Times.

    This amount is still small compared with the more than $2 trillion earned annually from income taxes, but it gives the government a significant new source of money for its spending, whether that’s funding the military or Social Security, or paying interest on the U.S. debt.

    There’s an important caveat, however. This money was paid to the government by so-called “importers of record,” most of which are American companies.

    While the Trump administration has said that foreign firms will end up paying the tariffs, most economists believe that American businesses and consumers bear most of the burden.

    Editor’s Note: Featured image at top is WP AI. –DrWeb

    Continue/Read Original Article Here: The Effects of Tariffs, One Year Into Trump’s Trade Experiment – The New York Times

    #30Billion #2026 #AmericanCompanies #Audio #Charts #Imports #OneYear #PaidTariffs #Tariffs #TheNewYorkTimes #TradingPartners #Transcript #TrumpSTariffs #TrumpSTradeExperiment
  4. Great news, #DonaldTrump is still talking about giving Americans back $2,000 of his Tariff Tax WE paid on good WE purchased.

    Everyone, even Republicans should now understand why he declared bankruptcy six times including a Casino 🎰.

    Everyone should remember Trump Airlines, Trump Casinos, Trump Steaks, Trump University, Trump Wines, Not to be confused with Trump Whinning.

    #TrumpsTariffs
    #TariffsWar
    #TariffsareTaxes

  5. Great news, #DonaldTrump is still talking about giving Americans back $2,000 of his Tariff Tax WE paid on good WE purchased.

    Everyone, even Republicans should now understand why he declared bankruptcy six times including a Casino 🎰.

    Everyone should remember Trump Airlines, Trump Casinos, Trump Steaks, Trump University, Trump Wines, Not to be confused with Trump Whinning.

    #TrumpsTariffs
    #TariffsWar
    #TariffsareTaxes

  6. Great news, #DonaldTrump is still talking about giving Americans back $2,000 of his Tariff Tax WE paid on good WE purchased.

    Everyone, even Republicans should now understand why he declared bankruptcy six times including a Casino 🎰.

    Everyone should remember Trump Airlines, Trump Casinos, Trump Steaks, Trump University, Trump Wines, Not to be confused with Trump Whinning.

    #TrumpsTariffs
    #TariffsWar
    #TariffsareTaxes

  7. Donald Trump Issues New Supreme Court Message
    Source: Newsweek
    Donald Trump Issues New Supreme Court Message
    Source: Newsweek
    #TrumpsTariffs #TariffsareTaxes #MadKingDonald
    share.newsbreak.com/ggjbkzo4

  8. Donald Trump Issues New Supreme Court Message
    Source: Newsweek
    Donald Trump Issues New Supreme Court Message
    Source: Newsweek
    #TrumpsTariffs #TariffsareTaxes #MadKingDonald
    share.newsbreak.com/ggjbkzo4

  9. Donald Trump Issues New Supreme Court Message
    Source: Newsweek
    Donald Trump Issues New Supreme Court Message
    Source: Newsweek
    #TrumpsTariffs #TariffsareTaxes #MadKingDonald
    share.newsbreak.com/ggjbkzo4

  10. Donald Trump Issues New Supreme Court Message
    Source: Newsweek
    Donald Trump Issues New Supreme Court Message
    Source: Newsweek
    #TrumpsTariffs #TariffsareTaxes #MadKingDonald
    share.newsbreak.com/ggjbkzo4

  11. Keep this in mind, #DonaldTrump is giving farm (not necessary the farmer) $12 Billion, remember #TrumpsTariffs caused China to stop buying our Soybeans. #Donnie than gave a $40 Billion bailout to Argentina who then sold China there Soybeans.

  12. Keep this in mind, #DonaldTrump is giving farm (not necessary the farmer) $12 Billion, remember #TrumpsTariffs caused China to stop buying our Soybeans. #Donnie than gave a $40 Billion bailout to Argentina who then sold China there Soybeans.

  13. Keep this in mind, #DonaldTrump is giving farm (not necessary the farmer) $12 Billion, remember #TrumpsTariffs caused China to stop buying our Soybeans. #Donnie than gave a $40 Billion bailout to Argentina who then sold China there Soybeans.

  14. Politics Girl

    P.o.s. PigPuke4547 wrote this. "I look so much forward?" Still insisting tariffs are charged to Countries. Addled dumbass.

    facebook.com/share/p/1BrxmZPnC

    #TrumpsTariffs #TariffsWar #TariffsareTaxes

  15. Politics Girl

    P.o.s. PigPuke4547 wrote this. "I look so much forward?" Still insisting tariffs are charged to Countries. Addled dumbass.

    facebook.com/share/p/1BrxmZPnC

    #TrumpsTariffs #TariffsWar #TariffsareTaxes

  16. Politics Girl

    P.o.s. PigPuke4547 wrote this. "I look so much forward?" Still insisting tariffs are charged to Countries. Addled dumbass.

    facebook.com/share/p/1BrxmZPnC

    #TrumpsTariffs #TariffsWar #TariffsareTaxes

  17. why tariffs might make real christmas trees more attractive this holiday season
    why tariffs might make real christmas trees more attractive this holiday season cbsnews.com/news/tariffs-real-
    #TrumpsTariffs #TariffsWar #TariffsareTaxes #MadKingDonald

  18. why tariffs might make real christmas trees more attractive this holiday season
    why tariffs might make real christmas trees more attractive this holiday season cbsnews.com/news/tariffs-real-
    #TrumpsTariffs #TariffsWar #TariffsareTaxes #MadKingDonald

  19. why tariffs might make real christmas trees more attractive this holiday season
    why tariffs might make real christmas trees more attractive this holiday season cbsnews.com/news/tariffs-real-
    #TrumpsTariffs #TariffsWar #TariffsareTaxes #MadKingDonald

  20. America’s $38 Trillion Debt: Experts Warn the U.S. Is Running Out of Time
    Source: Fort Worth LLC
    America’s $38 Trillion Debt: Experts Warn the U.S. Is Running Out of Time
    Source: Fort Worth LLC
    #MadKingDonald #DementiaDon #DerangedDon
    #NationalDebt
    #TariffsareTaxes #TrumpsTariffs
    #TrumpsBallroom
    TrumpsPrivateArmy
    share.newsbreak.com/fyfb8085

  21. America’s $38 Trillion Debt: Experts Warn the U.S. Is Running Out of Time
    Source: Fort Worth LLC
    America’s $38 Trillion Debt: Experts Warn the U.S. Is Running Out of Time
    Source: Fort Worth LLC
    #MadKingDonald #DementiaDon #DerangedDon
    #NationalDebt
    #TariffsareTaxes #TrumpsTariffs
    #TrumpsBallroom
    TrumpsPrivateArmy
    share.newsbreak.com/fyfb8085

  22. America’s $38 Trillion Debt: Experts Warn the U.S. Is Running Out of Time
    Source: Fort Worth LLC
    America’s $38 Trillion Debt: Experts Warn the U.S. Is Running Out of Time
    Source: Fort Worth LLC
    #MadKingDonald #DementiaDon #DerangedDon
    #NationalDebt
    #TariffsareTaxes #TrumpsTariffs
    #TrumpsBallroom
    TrumpsPrivateArmy
    share.newsbreak.com/fyfb8085