Trump Administration finalized a new set of “reciprocal tariff rates” that generally range from 10 to 41 percent. Assuming they remain in place, these and a variety of previously implemented tariffs (including a 10 percent baseline “reciprocal tariff”) and recently-announced trade agreements are likely to generate significant revenue.

Newsweek Senior Editor-at-Large Josh Hammer discusses the effect of tariffs on the US economy. “CNN, I presume they would have liked to have seen a massive spike there … a lot of people owe Donald Trump a pretty substantial apology,