The US revenue implications of President Trump's 2025 tariffs
President Donald J. Trump’s new tariffs could generate trillions of dollars in new federal government revenue over a decade, but the net gain would be reduced by the measures’ damaging effects on the US economy and the other economies’ likely retaliation, write Warwick J. McKibbin and Geoffrey Shutrim. Watch the April 30 event here and read the PIIE Chart here.




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