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July 30, 2025
Two More Trump Victories: Signs Deal With South Korea -- 0% Tariff on American Imports, 15% on Korean Imports -- and Forces Fake-Ivy University Brown to Drop DEI and Men in Women's Sports
Plus $350 billy of South Korean capital invested in US business. Directed, supposedly, by the US.
I don't know if Trump's figures are accurate or if he's just throwing out some Trumpian New Math.
But he says he's collected $150 billion in tariffs since they were imposed, and that's only been for a little while. He says next month he anticipates collecting $200 billion.
Or did he just mean $50 billion more, for a total of $200 billy?
Well, I'm assuming he meant $200 billion in one month.
If this is a bona fide projection, then we can expect $2.4 trillion, more or less, in tariff revenue per year.
The budget deficit is $1.9 trillion this year.
If you run the numbers... let me know what the numbers are.
From the great Chris Plante: