Politics - CBSNews.com
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President Trump has argued that some of the tariffs he's imposing this week could help the government raise over $1 trillion in the next year or so, helping to reduce the national debt and even potentially offset some income taxes.
But economists are skeptical that these tariffs can bring in as much as Mr. Trump claims, as consumers will likely reduce their spending on foreign goods when prices go up.
Tariffs are often charged as a percentage of the price that importers pay foreign sellers. They aren't paid by foreign nations, but by U.S...
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