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News in English (USA) / 31.03.2025 / 23:00

Trump Administration Forecasts Massive Tariff Revenue Amid Controversy

A senior aide in the Trump administration has projected that tariffs could generate $6 trillion in revenue over the next decade, potentially marking the largest tax increase in U.S. history. This plan has prompted mixed reactions, with Trump trade adviser Peter Navarro asserting that these tariffs will actually serve as significant tax cuts. Navarro insists that the overarching goal is to restore American manufacturing and stabilize prices. Critics have raised concerns about the economic impact of these tariffs, including potential backlash and inflation. Despite these controversies, the White House continues to promote the financial benefits of the tariffs as part of its broader economic strategy.
CNN, The Telegraph, The Hill, The Washington Post, Yahoo, Axios, Fox News, Fortune, The Korea Herald, The Spokesman-Review