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Trump's new $950 billion tariff scheme still leaves a 40% shortfall in his grand plan to rebalance the $39 trillion national debt, finds budget study | Fortune
"We currently estimate that the tariffs enacted and proposed under this administration since January 2025 will generate about $825 billion less revenue through FY 2036 than estimated," the Committee for a Responsible Federal Budget writes.
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marketplace.org
New tariffs covering 60 countries to replace existing import duties
The sweeping new tariff would range from 10% to 12.5%.
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npr.org
Trump to impose double-digit tariffs on dozens of countries
The United States will slap taxes of 10% to 12.5% on imports from 60 countries accounting for 99% of U.S. imports, charging that they have inadequately enforced bans on goods…
