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Reggie_Essent

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It's wide open here. I can watch the weather roll in from the west for hours before it gets here. A big bunch of angry looking clouds are moving in now. They should be here in an hour or so.
 

Weeg

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Receipts from U.S. tariffs hit a record level in April as revenue from President Donald Trump’s trade war started kicking in. Customs duties totaled $16.3 billion for the month, some 86% above the $8.75 billion collected during March and more than double the $7.1 billion a year ago, the Treasury Department reported Monday. That brought the year-to-date total for the duties up to $63.3 billion and more than 18% ahead of the same period in 2024. Trump instituted 10% across-the-board tariffs on U.S. imports starting April 2, which came on top of other select duties he had leveled previously.
 

Weeg

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Who is responsible for paying a tariff? AI Overview The importer, typically a business in the importing country, is legally responsible for paying a tariff. This is because the importer is the one bringing the goods into the country and is obligated to pay the tax to the customs authority. However, the economic burden of the tariff may be passed on to consumers through higher prices or absorbed by the exporter through lower prices.