President Donald Trump's tariffs have led to substantial revenue increases, with projections showing $121 billion collected since the fiscal year began. CNBC anchor Sara Eisen noted the unexpected results, highlighting a June increase of $27 billion. Despite concerns about inflation linked to tariffs, these economic impacts have not fully manifested. The Federal Reserve faces challenges balancing inflation concerns and labor market conditions. While revenue from tariffs is significant, understanding who bears the costs remains complex, involving both consumers and importers.
We're getting to this weird place where the Fed is kind of caught in between its mandates of worrying about future high inflation, which it thinks it's coming from tariffs or having to worry about the jobs market, which is showing some softening.
Look how much we've been collecting in revenues! June is actually set for another big increase of $27 billion. That is money coming into U.S. coffers from tariffs.
So far, guys, $121 billion has flowed into the US government since the start of the fiscal year. It's still a tiny portion of the overall revenues that the US Government gets, but it's increasingly a lot.
That's a matter of discussion, right? Is it the US consumer? We know it's the US importer, right? They have to pay it to bring stuff in to this country.
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