Trump’s tariffs bring in record customs revenue, could reduce deficit by $4T. But will American households pay the price or get a piece of the pie?

This article adheres to strict editorial standards. Some or all links may be monetized. Although they have roiled markets, there’s no question that President Donald Trump’s trade policy actions have boosted the federal government’s customs revenue. The good news is that this additional money coming in should help reduce the national deficit. In January, before […]