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New Trump tariffs bring in less money than illegal tariffs

By Axios · Summarized & edited by · 2026-07-24
New Trump tariffs bring in less money than illegal tariffs

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Why it matters: With replacement tariffs generating $105 billion — only 60% of what the struck-down taxes raised — the federal government faces a roughly 40% revenue shortfall that the administration's new legal avenues haven't closed.

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