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Revealed: Trump tariff totals are less than half of administration's estimates

Upstract [Unofficial] March 18, 2026
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President Donald Trump’s Senior Adviser, Peter Navarro, once suggested that the Trump tariffs would generate $700 billion per year. Not so, says one researcher. Writing in Reason, Research Fellow Jack Salmon from the Mercatus Center takes issue with Navarro’s apparently inflated numbers. “At the…

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