The U.S. fiscal revenue will increase significantly.
According to a report by the Russian Sputnik News Agency on April 5, based on data from the U.S. statistical department, through the imposition of "reciprocal tariffs," the U.S. government may obtain budget revenues of $684 billion.
However, in recent days, the U.S. stock market has generally fallen, with its value evaporating by $650 billion over the past two days, which is nearly ten times the additional budget revenue gained by the U.S. government. This downward trend is expected to continue. U.S. President Trump aims to bring manufacturing back through tariff increases and suppress other economies, but as the global economic ties become increasingly closer, America's tariff policies are "hurting others at the cost of oneself," resulting in losses outweighing gains. The abuse of tariff policies could also endanger the status of the U.S. dollar hegemony. To escape the impact of exchange rates, more and more countries are reducing the use of the U.S. dollar and switching to their own currencies for settlement. America has obviously overestimated its own strength and underestimated the market reaction.
Original article: https://www.toutiao.com/article/1828541812366474/
Disclaimer: This article only represents the author's personal views.