Tariffs may bring a US$50 billion monthly boost to the US government. But ordinary Americans won’t feel the benefit

By Jiao Wang, Assistant Professor of Economics, University of Sussex Business School, University of Sussex

Donald Trump’s recent state visit to the UK ended without the removal of steel tariffs, which the host nation had been hoping for. For months, the US president’s array of “liberation day” tariffs have sparked controversy and caused chaos for America’s trading partners.

Ultimately, the US expects to collect more than US$50 billion (£37 billion) a month in revenues from these tariffs. This figure, from US commerce secretary Howard Lutnick,…

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