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U.S trade deficit in 2024 was $918.4b. So, the trump regime hopes to raise half of that, i.e., $459b, in one year. They have been touting a $600b number, probably because the trade deficit is expected to be even higher in 2025.

Who will pay this amount? Importers in the U.S., who will pass on the costs to consumers.

Who will benefit from $600b worth of extra taxes on U.S. consumers? Why of course the billionaire class, who need their tax cuts increased and extended. And the grift class.

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