The CRFB analysis shows that at a 10% rate, the Section 122 tariff would generate only about $35 billion over its 150-day window—replacing just 52% of the approximately $65 billion in IEEPA revenue that would have been collected during that same period. Bumping the rate to 15% improves the picture somewhat, producing roughly $50 billion and replacing about 77% of the near-term loss.
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