That would explain why he had to check in with his FSB handler in Alaska last week.

And I want a Pilatus PC-12 for free with no maintenance costs, but life is more complicated than that.

...and pay a random amount of customs fees. Can be done, but can get quite crazy. It's better to let the few big guys handle those shipments for now than 30 different organizations trying to set things straight with the US customs.

How would a foreign country collect this in behalf of the US? No system has been setup for this by the US.

EU, UK and others have systems in place to make this possible. The US hasn't.

Bloomberg can't make estimates because they don't know where tariffs will end up. No one does, hence the uncertainty that is hurting the market.

407 product categories. Read that again. Not 407 products, categories.

The US imports 44% of its Aluminum and cannot supply that itself within the next decade even with increased investments.

The media is dead silent on thousands of small businesses that have already folded. Thousands more will go out of business in the next year.

https://www.piie.com/research/piie-charts/2019/us-china-trade-war-tariffs-date-chart

Average US tariffs on Chinese exports now stand at 57.6 percent and cover 100 percent of all goods.

As a result of numerous Trump administration actions, the average US tariff on all goods imports from the rest of the world increased from 3.0 percent to 20.8 percent between January 20, 2025, and August 27. This includes the 10 percent tariff imposed on April 5 that did not simply increase the average tariff by 10 percentage points due to sectoral carveouts. (Notes: On March 4, 2025, the United States imposed new tariffs on certain imports from Canada and Mexico that ultimately did not "claim and qualify for" preferences under the United States-Mexico-Canada Agreement (USMCA). That tariff change is not reflected here. Furthermore, the US tariff on all goods imports from the rest of the world temporarily increased to 16.2 percent for one day—on April 9—before President Trump, on that same day, reversed some of his tariffs and paused their increase for 90 days. The current average tariff on imports from the rest of the world is now higher than that April 9 peak.

The first Trump administration-imposed tariffs on thousands of products valued at approximately $380 billion in 2018 and 2019, affecting approximately 15 percent of US goods imports. The second Trump administration tariffs threaten all United States goods imports excluding a few categories, mainly USMCA trade (valued at $405 billion of imports in 2024) and certain energy-related and other imports under the April 2 tariffs (valued at $644 billion of imports in 2024, or $459 billion excluding Canada and Mexico).

Sidestepping how incompetent it is to be changing tariff policy daily, yes I would say America imports "hundreds of thousands" of products containing steel/aluminum

Altogether, Trump’s imposed tariffs would raise $2.3 trillion in revenue over the next decade on a conventional basis ($1.5 trillion on a dynamic basis) and reduce US GDP by 0.9 percent, all before foreign retaliation. However, if the IEEPA tariffs are permanently enjoined, it would reduce the total revenue raised by Trump’s tariffs on a conventional basis by $1.8 trillion to $574 billion over 10 years and reduce the negative GDP effect to 0.2 percent.

which is probably where Bloomberg pulled .15% from, and again this doesn't factor in the foreign retaliation to this idiocy,

As of April 4, China, Canada, and the European Union have announced or imposed retaliatory tariffs altogether affecting $330 billion of US exports. Imposed and threatened retaliation as of April 10 will reduce US GDP by another 0.2 percent and 10-year revenue by $132 billion on a dynamic basis.

but also

The US Court of International Trade ruled in May 2025 that the IEEPA tariffs are illegal, but they have been allowed to continue while the case is in appeal.

so a linchpin of this economic 'plan' will be tossed if/when the appeal is up

Trump’s imposed and scheduled tariffs will increase federal tax revenues by $172.1 billion, or 0.57 percent of GDP, making the tariffs the largest tax hike since 1993. The tariffs are larger than the tax increases enacted under President Barack Obama and President George H.W. Bush.

so with all imports being taxed a minimum 10% (from direct consumer to those foreign raw materials those Nucor and Cleveland-Cliffs plants need) I don't see who would defend this money-losing system, unless you're really excited for the federal government to have a larger operating budget for some reason, or you own a Nucor/Cleveland-Cliffs plant where you can push increased costs onto the consumer and ride the stock price up alongside it.