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Hooray! (lemmy.dbzer0.com)
submitted 3 months ago by to c/aboringdystopia@lemmy.world
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[–] 10 points 3 months ago (3 children)

Forgive me for not understanding as I'm not from the US, but what happened to the funds from the collected tariffs?

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  • [–] 12 points 3 months ago (1 child)

    They go to Trump's sovereign wealth fund which he uses to give his allies cushy government contracts.

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  • [–] 4 points 3 months ago* (last edited 3 months ago)

    Do you have a source where I could read more about this? I tried looking all of this up and the only articles I found contradict the original comment about taking loans to repay tariffs and that putting tariff revenue into a sovereign wealth fund was proposed but never happened.

    Edit: further reading shows neither is factual.

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