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President Donald Trump is claiming that tariffs on imported goods are bringing in billions of dollars a day — $2 billion to ...
“You can’t do a calculation of expected tariff revenue off past trade flows and then multiply with it a currently applied tariff and expect that the past trade flow remains the same.
That's roughly $1.8 billion of revenue per day. But, economists note, this calculation does not account for behavioral changes. For example, if tariffs increase and make a product less profitable ...