Tariff Revenue Falls Short by $100B, White House Projections Missed
Update: 2025-12-01
Description
New analysis reveals a significant shortfall in tariff revenues, missing White House projections by over one hundred billion dollars. The actual average effective tariff rate is twelve percent, far lower than the anticipated twenty percent. This discrepancy is due to a drop in imports from China, a surge in imports from Vietnam, and a rise in tariff-exempt artificial intelligence equipment. Compliance with the USMCA is also exceeding expectations, further impacting revenue calculations.
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