{"id":16275,"date":"2026-07-25T01:29:17","date_gmt":"2026-07-24T20:29:17","guid":{"rendered":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/?p=16275"},"modified":"2026-07-25T01:29:17","modified_gmt":"2026-07-24T20:29:17","slug":"new-trump-tariffs-bring-in-less-money-than-illegal-tariffs","status":"publish","type":"post","link":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/?p=16275","title":{"rendered":"New Trump tariffs bring in less money than illegal tariffs"},"content":{"rendered":"<p><script>\r\n  atOptions = {\r\n    'key' : '644b717812d811d6a1c1fc5b6ccd6fa6',\r\n    'format' : 'iframe',\r\n    'height' : 90,\r\n    'width' : 728,\r\n    'params' : {}\r\n  };\r\n<\/script>\r\n<script src=\"https:\/\/www.highperformanceformat.com\/644b717812d811d6a1c1fc5b6ccd6fa6\/invoke.js\"><\/script>\r\n<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/images.axios.com\/VamW477WiCXduWUXhyIImbPVg5I=\/0x264:5518x3368\/1366x768\/2026\/07\/24\/1784905198341.jpg\" \/><\/p>\n<p>The White House<strong> <\/strong>has found new legal ways to <a href=\"https:\/\/www.axios.com\/2026\/07\/23\/trump-tariffs-trade-labor\" target=\"_blank\">keep tariffs flowing<\/a>. But it&#8217;s not enough to fully replace the revenue from the import taxes the Supreme Court struck down.<\/p>\n<p><strong>The intrigue:<\/strong> The administration&#8217;s replacement tariffs would raise about $105 billion a year \u2014 replacing about 60% of the revenue lost when the Supreme Court invalidated the administration&#8217;s emergency tariff regime, according to the <a href=\"https:\/\/www.crfb.org\/blogs\/section-301-and-338-tariffs-replace-less-60-lost-ieepa-revenue\" target=\"_blank\">Committee for a Responsible Federal Budget<\/a>.<\/p>\n<hr>\n<p><strong>Why it matters: <\/strong>The administration&#8217;s new tariffs are narrower and include more carveouts than the emergency duties they replaced, reducing both the potential economic fallout and the revenue they generate.<\/p>\n<p><strong>By the numbers: <\/strong>CRFB estimates that Trump&#8217;s latest tariff actions \u2014 including the new duties on dozens of trading partners that took effect overnight, those on <a href=\"https:\/\/www.axios.com\/2026\/07\/16\/trump-tariffs-brazil\" target=\"_blank\">Brazil<\/a> and the proposed tariffs on <a href=\"https:\/\/www.axios.com\/2026\/07\/20\/trump-tariffs-canada-trade-war\" target=\"_blank\">Canada<\/a> \u2014 would raise about $950 billion through 2036, compared with $1.7 trillion from the broader emergency tariffs, a gap of roughly $825 billion.<\/p>\n<ul>\n<li>The projections assume the new tariffs survive legal challenges and remain in place. They also don&#8217;t account for any additional trade actions the administration could announce in the months ahead.<\/li>\n<\/ul>\n<p><strong>The big picture:<\/strong> The new tariffs generally carry lower rates than the regime enacted under IEEPA, generating substantially less revenue, and are imposed under Section 301 of the Trade Act of 1974. <\/p>\n<ul>\n<li>That process allows U.S. trade officials to tailor product coverage \u2014 and exclude a range of goods they believe would cause unnecessary economic disruption \u2014 after a formal investigation and public comment.<\/li>\n<li>Notably, the exclusions include energy products, limiting the risk that new tariffs amplify the inflationary effects of the Iran-related oil shock.<\/li>\n<\/ul>\n<p><strong>The other side: <\/strong>The White House rejects the idea that the new tariffs were aimed at replacing the illegal duties.<\/p>\n<ul>\n<li>A senior official said synchronizing them with the expiration of temporary tariffs was intended to provide continuity and predictability for businesses, not necessarily to recreate the earlier regime.<\/li>\n<\/ul>\n<p><strong>What to watch:<\/strong> The Treasury Department is still unwinding the old tariffs. In June, net customs receipts fell to negative $25.6 billion as refund checks to importers outpaced new tariff collections.<\/p>\n<script async=\"async\" data-cfasync=\"false\" src=\"https:\/\/pl30214220.effectivecpmnetwork.com\/9ab3d4df8a7e1a6171e16ddbf732cc19\/invoke.js\"><\/script>\r\n<div id=\"container-9ab3d4df8a7e1a6171e16ddbf732cc19\"><\/div>\r\n\n","protected":false},"excerpt":{"rendered":"<p>The White House has found new legal ways to keep tariffs flowing. But it&#8217;s not enough to fully replace the revenue from the import taxes the Supreme Court struck down. The intrigue: The administration&#8217;s replacement tariffs would raise about $105 billion a year \u2014 replacing about 60% of the revenue lost when the Supreme Court&#8230;<\/p>\n","protected":false},"author":1,"featured_media":16276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.axios.com\/VamW477WiCXduWUXhyIImbPVg5I=\/0x264:5518x3368\/1366x768\/2026\/07\/24\/1784905198341.jpg","fifu_image_alt":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-16275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-political-news"],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts\/16275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16275"}],"version-history":[{"count":0,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts\/16275\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/media\/16276"}],"wp:attachment":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}