Tariffs will likely raise much less money than White House projects, economists say

Key Points

White House trade adviser Peter Navarro estimated the U.S. would raise about $600 billion to $700 billion a year from tariffs.
Economists say the true number will probably be less than half of that sum. Much depends on the actual policies, though.
President Donald Trump is preparing to unveil more tariffs against trade partners on Wednesday.

Source

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