Impact of President Trump's Tariffs on Federal Revenue

White House trade adviser Peter Navarro claimed that tariffs announced by President Trump could raise between roughly $2 trillion and more than $4 trillion in federal revenue over a 10-year period. However, multiple economic analyses project that the tariffs will reduce the after-tax income of households by potentially thousands of dollars a year, on average. Navarro's revenue projection is considered exaggerated by independent analyses.