“A trade policy that can waive your grandmother's piano through the border. (agent, purchase)

[Supposn]

Originally Posted by Dd714

Tariffs are essentially a tax. The revenue from import tariffs goes into the US treasury. They do not need to repeal tax rate cuts, they simply need to transfer the revenue from tariffs to those that have suffered the most.
That's simplified, of course there are other impacts. But remember tariffs on exports have always been in place and business have always suffered that cost, it's nothing new - the goal, the end game is to eliminate tariffs, particularly unbalanced ones.

Dd714, President Trump is currently attempting to do something along the lines that you suggest. USA farmers are screaming that the policy's not fair, not sufficient, and not working right.
You posted “they simply need to transfer the revenue from tariffs to those that have suffered the most”.
Apparently, determining who has suffered to what extent ain't simple. But your post raises a question raises that I believe are serious questions that should not be crowding this thread.

Refer to the Thread “A trade policy that can waive your grandmother's piano through the border." But can insist on checking out your undershorts”.
Respectfully, Supposn

Earmarking tariff revenues derived from importing specific products to be distributed to farmers of specific products is less than a good plan. Remember it's not just USA farmers that suffering; USA producers that purchase foreign products such as aluminum or steel, and in turn the enterprises supporting those producers that purchase aluminum or steel, also to some extent suffer.
Those production supporting enterprises goods and service providing enterprises supporting serving and dependent to some extent upon the USA aluminum and steel purchasing enterprises, are also supported by and or other USA enterprises that are dependent upon them.
You can conceive how the dominoes are falling, and we didn't yet mention their employees and the employees' dependents. You can respond, Supposn, you blowhard!! if this is understood, how could you advocate an Import Certificate policy!

The concept of the import certificate policy grants government, particularly government politicians, the less policy discretion. Government should perform the tasks of annually updating the guidelines for estimating global cargoes monetary values and the federal fee rates to defray direct federal expenditures due to the policy. This does require more people watching our national borders, but the increasing personnel and cost would also increase eyes and resources at our borders.

Our government should be determining broad classes rather than individual products to be covered by the import certificate requirement. To the extent that a product is tangible, it's monetary value can be objectively assessed it can be objectively assessed it's and passing through our national border, it may be subject to this law.
To the extent its value is due to integral materials that are on our published list of scarce or precious minerals, the values of those materials reduce the evaluation of a product.

Possibly the law will be drafted to eliminate considerations for antiques or memorabilia?
The law may be drafted as not applicable to anything produced more than 8 years prior to passing through our borders. The law may or may not be drafted to be applied to artifacts.

The law may waive Import certificates requirement for a person entering our nation with a limited amount of personal property each day, or month, or year. We don't want our custom agents to be required to evaluate everyone's underwear as they enter our nation, but they should continue to be so empowered if need and circumstances exist.

Respectfully, Supposn