Thursday, August 7, 2025

"US expects $50 billion a month in tariff revenues, Lutnick says"

 And that's before the tariff on Britain ramps up.*

From Reuters, August 7:

U.S. Commerce Secretary Howard Lutnick said on Thursday he expects the country is heading towards $50 billion a month in tariff revenues as higher levies on imports from dozens of countries kick in.
 
"And then you're going to get the semiconductors, you're going to get pharmaceuticals, you're going to get all sorts of additional tariff money coming in," Lutnick said in an interview with Fox Business Network....
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*Trump Secures 15% Tariff On Extra ‘U’ In British Spelling 

President Trump has reportedly finalized a new trade deal with the United Kingdom, securing a 15% tariff on the extra "U" in British words.

"I guess you could say this is my favourite trade deal," Trump said, explicitly using the British form of favorite. "And England's shown a lot of honour, a lot of honour. Colour me impressed."

According to sources, the U.S. will now collect a fee every time someone uses a word with an unnecessary "U" in it. This is expected to have vast repercussions across the globe, taking the focus from British English and placing it on American English where it belongs.

"We're going to make our English the greatest English," Trump explained. "We're going to have people talking American like you wouldn't believe."....

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