Overview
- White House trade adviser Peter Navarro claimed tariffs would generate $6-7 trillion over a decade, a figure independent analyses refute.
- Economic experts project tariff revenues between $2.2 trillion and $4.6 trillion over 10 years, significantly lower than the administration’s estimates.
- President Trump's assertion of $2 billion in daily tariff collections is contradicted by Treasury data, which shows $192 million in daily customs revenue.
- Analysts warn that optimistic projections fail to account for suppressed trade volumes resulting from higher tariff rates.
- The administration has paused most tariffs for 90 days, maintaining a 125% rate on China, as criticism grows over the fiscal and economic impacts.