Trump’s Tariff Plan Falls Well Short of Filling His Budget Hole

Donald Trump has promised to use sweeping new tariffs to fund everything from tax cuts to child care. But economists say the new import charges are unlikely to create anything close to the revenue boom he would need.

The Peterson Institute for International Economics calculates that a 10% tariff on all imports, plus 60% on China – ideas Trump has floated if he wins in November — could raise $225 billion a year, without factoring in blowback from fresh trade tensions. Analysis by Bloomberg Economics based on an across-the-board tariff of 20%, a figure that’s also been mentioned by Trump, ...