1Mo·

US customs revenues on the rise

Customs revenue in the USA is rising rapidly and reached a new monthly record of 28 billion US dollars in July - almost four times as much as in January.

19 Commentaires

Sahnehäubchen 🦋.@Savvy_investor_2000

1Mo

US importers pay the customs duties at the customs office. And ultimately the consumers foot the bill, don't they?

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Voir toutes les 9 autres réponses

Isa@Issa

1Mo

Great, the new tax for the American people.
The income tax can certainly be abolished, just like the orange messiah promised his deplorables... If the year had >175 months ...
The current budget for his ICE Gestapo is astronomically much higher than this "revenue"
Art of the deal once again.

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Ph1l1pp@Ph1l1pp

1Mo

Haven't the Orange Man's tariffs always been criticized? A different wind is blowing, all assets at ATH.

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Lord P.@lordprettylambo

1Mo

$500 billion annual run rate should be about 1/4 of the budget deficit right?

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David@DerUnwissende

1Mo

But you also have to see how many companies have announced that they will now invest more in the usa. At the moment, the Americans are not yet paying the tariffs as many companies have not yet added them to their prices. That will come at some point or the foreigners will have to reduce their stomachs and raise prices in other countries to make up for the shortfall.

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Sahnehäubchen 🦋.@Savvy_investor_2000

1Mo

@DerUnwissende
However, margins cannot be sacrificed endlessly in order to subsidize import duties.
If margins become too thin, companies will at some point simply pull out and open up other markets. There are enough examples of this.
And even if withdrawal is not an option and companies are forced to relocate their production to the USA, the products end up being more expensive because new production sites have to be operated at lower capacity, with disrupted supply chains, their own logistics and additional fixed costs, etc.. This reliably makes every product more expensive. You can clearly see this in the US automotive industry for years.

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Sahnehäubchen 🦋.@Savvy_investor_2000

1Mo

@Savvy_investor_2000
In the end, the Americans are buying sovereignty with higher costs and lower efficiency.

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Sahnehäubchen 🦋.@Savvy_investor_2000

1Mo

@Savvy_investor_2000
Protectionism has never created prosperity in the long term. At least not for the masses. In the short term, it created jobs, investments and revenue. Historically, however, this has ended in bloc formation, loss of efficiency and higher prices.

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The W.@thewolfofallstreetz

1Mo

@Savvy_investor_2000 The bottom line is that the sales market in the USA is too attractive to pull out. I agree with your comments on the production locations. At the same time, however, there are considerable tax breaks and deregulation in the banking sector for new production locations, which should give companies some leeway. My point: tariffs will not have a 1:1 impact.

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Sahnehäubchen 🦋.@Savvy_investor_2000

1Mo

@thewolfofallstreetz
However, subsidies/tax breaks are only a shifting of costs.
They do not disappear, but are borne in other ways (national budget, debt, inflation).

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