700b a year in incremental tariff tax (inflation) would probably decimate the US consumer by Spring and take all rate cuts off the table for the foreseeable future
Rapid Response 47
Rapid Response 4727.7.2025
.@howardlutnick: "The tariff revenues are amazing — $700 billion a year. That's just net new money the government never had before. You take that for ten years, that's $7 trillion."
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