Trump s propaganda outlet Zerohedge has revealed his tariffs have brought in only 121 billion dollars so far and will generate only 300 billion at this rate for the entire year, a drop in the ocean compared to the US debt of 36 trillion and rising and a budget deficit for the first eight months of 2025 projected to be 1.4 trillion.
The notion US companies can substitute imports for US products of the same price and quality overnight has been shown to be false. Rather than switching to US products, many companies have paid the extra tariffs to keep their market share, knowing cash stapped, indebted consumers cannot.
https://www.zerohedge.com/economics/media-forced-admit-trumps-tariffs-are-working-revenues-spike
In fact, crucial industries like car makers and the defence industries have found themselves cut off from rare earth metals due to Trump s cracy miscalculation in his trade war with China and their production lines are set to grind to a halt because no US substitute is set to be available for several years.
Tellingly, Zerohedge has a press pass for White House briefings.
https://newrepublic.com/post/195413/donald-trump-karoline-leavitt-propagandist-press-briefing
But who believes the Goebbels media of the rigged US economy and stock markets in 2025? Not even the key market players do as the flight from US Treasuries and dollars shows.
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