Latest news with #JeannetteLowe
Yahoo
6 days ago
- Business
- Yahoo
What Trump tariff revenues mean for the US deficit
Strategas Securities managing director of policy research Jeannette Lowe joins the Morning Brief team for a conversation on the long-term view on revenue from President Trump's tariffs and what it could mean for the US deficit as lawmakers debate the next spending bill package. Also catch Lowe weigh in on the latest tariff drama in this clip here. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. If the tariff revenue is impacted by all of this back and forth, how does that impact the taxes that are potentially going to be coming in, the tax cuts? Yeah, I think this is a really good point because the tariff revenue has actually been coming into the US Treasury at quite an accelerated rate over the past couple of weeks. And so what we've seen is that it's about 190 billion on an annualized basis coming into treasury. So over 10 years, if this were to remain in place, that's $2 trillion of tax revenue or tariff revenue that's coming into the US. Now obviously, if the tariffs get pulled back and there's a lag time, that would change that trajectory. But this is also not even the full breadth of what the Trump administration was looking to do in terms of tariffs. So tariff revenue does provide a backstop for any uh deficit increase that may come from the tax and spending bill. If those tariffs were to be pulled off, that would obviously reduce, make it the deficit less better in the from its current trajectory and it could play into a little bit into Congress's uh mindset as they continue to finish this bill before July 4th potentially. But now that the tariffs remain in place, I don't think it's really going to have as much of an effect because even though Congress wasn't really thinking about including the tariffs as part of the overall package and then what their revenue would be, it does also keep them in place which means that right now, Congress doesn't have to worry about that revenue stream coming away. Um, but it might be something that they continue to keep about going forward, particularly the fiscal conservatives in the House and Senate who'd be worried about what that's going to happen to the deficit long term.
Yahoo
6 days ago
- Business
- Yahoo
What Trump tariff revenues mean for the US deficit
Strategas Securities managing director of policy research Jeannette Lowe joins the Morning Brief team for a conversation on the long-term view on revenue from President Trump's tariffs and what it could mean for the US deficit as lawmakers debate the next spending bill package. Also catch Lowe weigh in on the latest tariff drama in this clip here. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
Yahoo
6 days ago
- Business
- Yahoo
What Trump tariff revenues mean for the US deficit
Strategas Securities managing director of policy research Jeannette Lowe joins the Morning Brief team for a conversation on the long-term view on revenue from President Trump's tariffs and what it could mean for the US deficit as lawmakers debate the next spending bill package. Also catch Lowe weigh in on the latest tariff drama in this clip here. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Sign in to access your portfolio
