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

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1. President Donald Trump says that tariffs will make the U.S. “rich.” But those riches will likely be far less than the White House expects, economists said.

   The ultimate sum could have big ramifications for the U.S. economy, the nation’s debt and legislative negotiations over a tax-cut package, economists said.

   White House trade adviser Peter Navarro on Sunday estimated tariffs would raise about $600 billion a year and $6 trillion over a decade. Auto tariffs would add another $100 billion a year, he said on “Fox News Sunday.”

   Navarro made the projection as the U.S. plans to announce more tariffs against U.S. trading partners on Wednesday.

   Economists expect the Trump administration’s tariff policy would generate a much lower amount of revenue than Navarro claims. Some project the total revenue would be less than half. Read more: [https://www.cnbc.com/2025/04/01/tariffs-may-raise-much-less-than-white-house-projects-economists-say.html](https://www.cnbc.com/2025/04/01/tariffs-may-raise-much-less-than-white-house-projects-economists-say.html)

2. Americans will not spend as much when everything is 20% more expensive, sooooooo.

3. So many people are living paycheck to paycheck. If a gallon of milk becomes unaffordable then the customer will buy and use a half gallon of milk to last 2 weeks. The same goes for any other product that goes up in price. If my food budget is $350, I can’t spend $475 because everything went up in price, I buy less. The same goes for transportation budget, healthcare budget, housing budget.

4. Yes because I’m going to stop consuming other than the necessities when the tariffs hit. I assume a lot of other people will be doing the same.

5. They are going to call the economists liberals or activists… GOP needs political hacks and to attack academia because almost none of their views are ever backed by research, just meant to screw people to help their oligarchs.

6. From the article: *”The Trump administration has signaled that tariffs “will be one of the top-tier ways they’ll try to offset the cost” of passing a package of tax cuts, Tedeschi said.”*

   The tariffs are being used for their “projected” (and inflated) revenue so that Congress can ***claim*** their “big, beautiful budget bill” — with huge tax cuts at the top — will be budget neutral. But I would bet that once those tax cuts are passed, there will be a big reduction in tariffs. Deficit spending was never a problem for this guy before, and I don’t think it will be this time around either.

7. Lies. The economic impact of pushing the economy into a stagflationary recession will lower the amount of income tax revenue. The offset will be a net loss of tax revenue.

8. All I can see is a massively regressive national tax failing to offset tax breaks for the rich. Republicans are such assholes.

9. YOU DON’T SAY

10. It takes a while for the ships to come in from all over the world. There’s a lot of goods on those ships that’s going to wait in customs for the buyer to come up with +25% import tax. Some of those buyers aren’t going to have the money, be able to borrow the money. Some are going to find the products don’t sell at the new cost basis. That’s a lot of businesses going under.

11. I’m already seeing a 20% increase in total costs, with a 2% increase in salary. We won’t be buying any outside food

12. Yup, it’s optimistic oversimplification of it and it’s definitely going to negatively effect consumer behavior in the long-term. People don’t suddenly have the extra 20% to spend to cover tariffs; they’ll reduce spending or get less, companies will raise prices and lose sales, and the economy as a whole will likely suffer. And it’s going to be average consumers paying it, not foreign countries.

13. MANDATORY IQ TEST FOR ALL ASPIRING PRESIDENTS AFTER DOTARD DUMB LEAVES OFFICE.

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