Trump’s Tariffs Fall Far Short of Paying for Tax Cuts

“The tariffs President Donald Trump threatened against Canada, Mexico and China over the weekend roiled financial markets but they fall far short of duties the US would need to offset the cost of extending his expiring 2017 tax cuts, economists estimate,” Bloomberg reports.

“Those combined tariffs would raise less than a third of the estimated $4.6 trillion cost of extending Trump’s tax cuts over the next 10 years — if the import duties continued for a full decade.”