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

President Donald Trump believes tariffs will make the U.S. “rich,” but economists suggest the White House’s revenue expectations are overly optimistic. White House trade adviser Peter Navarro predicts tariffs will bring in $600 billion annually and $6 trillion over a decade, with auto tariffs adding another $100 billion per year. However, economists project a significantly lower revenue outcome, with estimates ranging from $100 billion to $200 billion annually, far less than Navarro’s projections.

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