let's chat about the Trump tariff initiatives what should we keep in mind with that so Trump has proposed a 10% tax on All Imports and an additional 60% tax on imports from China he's also talked about taking that 10% rate to 20% and potentially imposing a host of other tariffs on various Imports that we get from different countries now the way that he talks about tariffs makes it sound like he would be imposing a tax on China or a tax on the EU requiring those governments to pay money to the US Treasury he also greatly overstates how much revenue could be raised by tariffs at one point he floated replacing the entire individual income tax with tariffs which is mathematically impossible he also talks about tariffs as if they would have no effects on people or businesses in the United States so tariffs will harm businesses and workers and consumers across both countries or economies involved