A simmering cost-of-living crisis pushed the Trump administration to announce rollbacks in November on a number of food-related tariffs.

A simmering cost-of-living crisis pushed the Trump administration to announce rollbacks in November on a number of food-related tariffs.

For the first time since Donald Trump rolled out his sweeping global tariff program in April, month-over-month customs receipts declined in November.

Last month, the U.S. government collected $30.75 billion in import duties. This was down from $31.35 billion collected in October.

Over the last few months, the monthly increase in tariff money collected by customs has slowed, but November’s total was the first month that collections were lower than the previous month.

  • CharlesDarwin@lemmy.worldEnglish
    11·
    1 day ago

    Rollbacks? But why tho? I thought tariffs were going to make us the bigliest, strongliest country we’ve ever been? If things are going badly, and tariffs are so great and magical, why wouldn’t you double or triple down?

    Then Pedonald would have even MOAR money to bribe rubes he inflicted harm on, so he can buy votes for Republicans? Am I doing 'conomy as well as the biggest, most importantest bidness man evar? I’m told bidnessmen do 'conomy better than everyone else, and the country should be run like a business, because reasons. Even though the country is supposed to be a representative democracy, which is entirely unlike the way a business is run.