No, Tariffs Did Not Cause September's Budget Surplus

September’s fiscal surplus was not thanks to tariff revenue. In truth, it was thanks to Americans paying more in income tax. Tariffs were only 5.7 percent of revenue.

Source: Mises Institute

Original URL: https://mises.org/podcasts/audio-mises-wire/no-tariffs-did-not-cause-septembers-budget-surplus