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To: Joe NYC who wrote (74112)1/29/2026 10:07:11 PM
From: ElroyRead Replies (1) | Respond to of 74119
 
As far as the rest of the tariffs, I don't think any subsequent administration would want to lose the revenue from the tariffs. Because, then what? Cut government spending? Increase other taxes? They can't do either.

I think using tariffs to generally manage global trade and production is a uniquely Trumpian thing, no other modern president has tried it. Once Trump is gone I would expect any administration to head back in the direction of free trade and perhaps tax credits for domestic production (or something other than tariffs) to encourage domestic business. Tariffs have only been used in national economic emergencies (all our steel companies are going bust, or something like that). Only Trump has used them across the board, with a fairly unclear positive or negative affect.

If the tariff income went to zero they'll deficit spend, or tax something else, or do something who knows what? The pool of incoming funds from every source is large, if tariffs go down other things will go up, or we'll deficit spend, or inflate away they debt, or something completely unplanned. I don't think they think about it like "if we cancel $10 billion of tariffs then we gotta reduce medicare (or something) by $10 billion".