cnbc.com_5 on Nostr: CNBC World ✍️ President Trump claims tariffs will make the US "rich", but ...

CNBC World (nprofile…l9nl)
✍️ President Trump claims tariffs will make the US "rich", but economists say the revenue generated will likely be much lower than expected.
👉 Tariffs are expected to generate around $100 billion to $200 billion a year, not $600 billion
👉 The revenue generated will likely be used to offset the cost of passing a package of tax cuts
👉 The tariffs will have a negative impact on consumer spending and the economy
👉 Other countries are likely to retaliate with their own tariffs, leading to a potential trade war
👉 The revenue generated will be affected by various factors, including the scope of the tariffs and the impact on consumer spending

#PresidentDonaldTrump #PeterNavarro #MarkZandi #ErnieTedeschi #RobertMcClelland #UnitedStates #China #politics

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nevent1q…u7v6

CNBC World (nprofile…l9nl)

White House trade adviser Peter Navarro said tariffs would raise about $600 billion to $700 billion a year. Economists say that's nearly impossible.
https://www.cnbc.com/2025/04/01/tariffs-may-raise-much-less-than-white-house-projects-economists-say.html