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Clausing and Maurice Obstfeld, also in the Peterson Institute, observed that the maximum profits America could gain from tariffs would peak at about $780 billion, less than 40 p.c of what income taxes now bring in.

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Courtney Neidel is definitely an assigning editor with the Main own finance team at NerdWallet. She joined NerdWallet in 2014 and put in six years crafting about searching, budgeting and money-preserving procedures right before being promoted to editor.

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