Explaining US Tariff Policy: Updated 12/19/2024

One major takeaway from this document from the Congressional Research Service was that tariffs are not a major component of US revenue, most of the revenue is attained through other taxes.

https://crsreports.congress.gov/product/pdf/IF/IF11030#:~:text=A%20tariff%20is%20a%20tax,government%20revenue%20in%20developed%20countries.