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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Macroeconomic Trends & Risks
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Author: Steve203 🐝 HONORARY
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Number: of 4460 
Subject: Re: Mexico and Canada export taxes on goods to US?
Date: 07/22/26 9:20 AM
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That's the only option anyone has. On Truth Social Trump said that the purpose of the tariffs is to punish Canada for wild fire smoke blowing into the US. If the fires go out, do the tariffs go away?

POTUS has said, out loud, repeatedly, that he wants to raise enough revenue with tariffs, to repeal the income tax. I take him at his word, on that issue. Doesn't matter what excuse he uses to impose the tariffs. Trillions in tariff revenue is the objective, to replace the $2.6T/year in individual income tax, and $452B/yr in corporate income tax.

According to the net sifter, the US collected $264.05 billion in tariffs in 2025, so buckle up for higher tariffs, much higher. to get to that $3T tariff revenue on the US' $4.33T in imports.

Steve
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