Tariff Man's Next Move: A Desperate Bid for Revenue The Trump administration's reliance on tariffs has been a contentious issue from the start, but recent developments suggest that "Tariff Man" is facing a new reality: his money machine broke.
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Treasury revenue from import taxes peaked at over $31 billion last October but dwindled precipitously after the Supreme Court struck down the president's authority to impose tariffs under the International Emergency Economic Powers Act (IEEPA).