Trump seeks to close $1.6 trillion revenue gap with raft of new tariffs - AP News
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The Bottom Line
Trump proposes comprehensive tariff package to address $1.6 trillion federal revenue shortfall.
How This Affects You
New tariffs could significantly increase prices on imported goods and everyday consumer products.
AI Summary
President Trump is proposing a comprehensive tariff package to address a $1.6 trillion federal revenue shortfall. The administration is considering multiple tariff measures as part of its strategy to balance government finances. This approach represents a shift toward using trade policy as a primary tool for addressing the federal budget gap. The tariff proposals would need congressional approval and could significantly impact international trade relationships and consumer prices.
What's Being Done
Tariff proposals require congressional approval before implementation.
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PoliticsDonald Trump attacks supreme court over tariffs again in late-night social media post – US politics live
<p>President accuses court of having ‘unnecessarily RANSACKED’ the US and claims he has ‘absolute right’ to impose new tariffs</p><ul><li><p><a href="https://www.theguardian.com/news/2026/feb/17/sign-up-for-the-breaking-news-us-email-to-get-newsletter-alerts-direct-to-your-inbox?utm_medium=ACQUISITIONS_STANDFIRST&utm_campaign=BN22326&utm_content=signup&utm_term=standfirst&utm_source=GUARDIAN_WEB">Sign up for the Breaking News US email to get newsletter alerts in your inbox</a></p></li></ul><p>Good morning and welcome to the US politics liveblog.</p><p>In a late-night social media post, <strong>Donald Trump has claimed he has the “absolute right” to impose new tariffs</strong> after the <a href="https://www.theguardian.com/us-news/2026/feb/20/trump-supreme-court-tariffs-ruling">supreme court ruled</a> many of the import duties he imposed last year were illegal.</p><p>Our Supreme Court has made these Countries very happy but, as the Court pointed out, I have the absolu...
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