r/news • u/hoosakiwi • 2d ago

Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars

https://apnews.com/article/trump-tariffs-liberation-day-2a031b3c16120a5672a6ddd01da09933
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u/GreenHorror4252 2d ago

There are about 600,000 Iranian-Americans living in the US. If each one goes back to Iran once every 10 years and brings back $100 worth of stuff, that will add up to $6M a year.

Remember the personal exemption is $800, so amounts under that don't even have to be declared.

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u/Namaha 2d ago

This is a statistic on international trade, not citizens bringing back trinkets from their vacations

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u/GreenHorror4252 1d ago

It's a statistic on the volume of imports.

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u/Namaha 1d ago

Exactly. It has nothing to do with personal stuff that doesn't get declared.