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New Tariffs Could Raise Nearly $1 Trillion Over A Decade
By Brett Rowland | The Center Square(Worthy News) – Proposed tariffs on imports from 60 economies could raise nearly $970 billion over the next decade, according to estimates released Monday by the Committee for a Responsible Federal Budget.The tariffs, proposed under Section 301 of the Trade Act of 1974, represent the broadest use of that authority to date and the Trump administration’s largest effort to rebuild its tariff revenue base after the U.S. Supreme Court struck down tariff