The tariffs are raising $100 billion less than Trump expected. Pantheon Macro sees 3 reasons why, starting with China
- Posted on December 1, 2025
- By Fortune
- 4 Views
The tariffs are raising $100 billion less than Trump expected. Pantheon Macro sees 3 reasons why, starting with China
Scott Bessent said in August that tariffs would raise "well over half a trillion, maybe towards a trillion-dollar number." It hasn't panned out that way.
