So they’ll be paying — if we don’t make the deal, nothing wrong with taking in over $100 billion a year, $100 billion, we never did that before. A Chinese delegation is expected to travel on Thursday to Washington to resume trade talks after negotiations had faltered. The Congressional Budget Office projected that tariffs would generate $74 billion in tariff revenue in 2019, nearly double the $41 billion from 2018. In comparison, the $74 billion in tariffs that the government will collect in 2019 is about 2 percent of total revenue. What Trump SaidThe last administration also signed a disastrous trade deal with South Korea that cost our country nearly 100,000 — but it was really 250,000 jobs.

Source: New York Times May 09, 2019 04:18 UTC