The Trump administration is stepping up its ambitious effort to replace about $1.6 trillion in lost tariff revenue that was eliminated by the Supreme Court’s decision to strike down a range of the president’s import taxes. It could be months or more before it is clear how much revenue the replacement tariffs will yield. Some of Trump’s import taxes remain place, including previous tariffs on China and Canada that were imposed after earlier 301 investigations. The administration’s efforts also are unusual because they reflect an overreliance on tariffs to bring in more government revenue. “If we want to raise revenue through tariffs, then Congress should impose a broad based tariff.”Rugaber writes for the Associated Press.

Source: Los Angeles Times March 16, 2026 10:06 UTC