Tariffs supported the USA's federal government when there was no income tax. Not since the Sixteenth Amendment (click here) has the USA relied on tariffs. The purpose for tariffs to as they are used by the Trump Administration is to pay for the tax cuts for the wealthy.

The Sixteenth Amendment was passed in 1913. World War I began in 1914. The 16th amendment facilitated a strong military for the USA. WW I was the war where the USA took it's place as a world power. It can be said if the Sixteenth Amendment was repealed the USA would never be able to carry the cost of it's military, yet the political right wing, including Trump, wants to repeal the 16th amendment.

Tariffs will never earn the USA enough DEPENDABLE income to support it's military. Think about it. If tariffs supported the USA military how quickly would the tariffs end to weaken the USA? The entire tariff issue is significant because countries that suffer because of the tariffs will move away from them.

Fearing the end of the income tax is a wise decision. Take for example Harley Davidson motorcycles. It will be better for Germany, currently an ally I think, to have Harley within it's borders. In a way that is the real method the USA should be providing stronger economies for out allies. Germany will receive an uptick in national income, jobs and exports at least to the rest of Europe of a classic American icon. It will be a good idea for Germany. It is a good deal for Harley. 

When Harley moves to Germany it will still have a manufacturing base in the USA, maybe. If Harley has production plants in the USA and Europe that increases it's viability and customer base. It is a win-win, but, the USA needs to be sure the classic motorcycle isn't then replaced by a Chinese or Russian Oligarch within the USA. That would not be good, because, the profits are exported to it's home country and makes the USA economy weaker.

US Treasuries (click here)

August 16, 2018
By Alexandra Gibbs

U.S. government debt prices came under pressure on Thursday. (click here)

The yield on the benchmark 10-year Treasury note was higher at around 2.875 percent at 5:45 a.m. ET, while the yield on the 30-year Treasury bond was in the black at 3.044 percent. Bond yields move inversely to prices.

The cost of USA Deficit and Debt are increasing. The US housing market is still deteriorating. I thought Trump knew real estate to make the American Dream come true for every American.