ilmscore | Prediction Details
By ClearValue Tax | November 18, 2024 | Correct
Interpreted Prediction
Predicted that $400 billion in revenue from a 10% tariff on imports would not be enough to fund the entire US government.
AI Evaluation Notes
A 10% universal tariff was implemented in the US, effective April 5, 2025. The US government's total spending for Fiscal Year 2025 was $7.01 trillion. Customs duties collected in FY 2025 amounted to $195 billion. The prediction stated that $400 billion from a 10% tariff would not be enough to fund the entire US government, which is very accurate as $195 billion (the actual revenue) or even $400 billion is a small fraction of $7.01 trillion.

Prediction Details

Target
$400 billion from a 10% tariff would not be enough to fund the entire US government
Predicted date
If implemented

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