When the next recession hits, whoever is president will face intense pressure to cut tariffs, so don’t rely on them for revenue, top economist says

fortune.com/2025/08/11/recession-trump-tariffs-cut-consumer-tax-relief-federal-revenue

President Donald Trump’s tariffs are generating revenue for the federal government at an annual rate of about $300 billion. While that sounds like a promising source of funding, tariffs went into effect with a stroke of a pen, and they can go away with one, too. And in the next…

This story appeared on fortune.com, 2025-08-11 17:30:02.
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