The White House is implementing new legal tariffs to partially offset revenue lost from previously invalidated import taxes. These replacement tariffs are projected to generate approximately $105 billion annually, covering about 60% of the lost revenue. The new measures are narrower and include more exceptions than the original duties, leading to reduced potential economic impact and revenue. The Committee for a Responsible Federal Budget estimates that these actions, along with others, would raise $950 billion through 2036, falling short of the $1.7 trillion from earlier broad tariffs. These projections assume the new tariffs withstand legal challenges and remain in effect. The new tariffs utilize Section 301 of the Trade Act of 1974, allowing for more tailored product coverage. This process includes exclusions for certain goods, like energy products, to mitigate economic disruption and inflationary pressures. The White House asserts these new tariffs were designed for business continuity and predictability, not to replace the invalidated duties. The Treasury Department is still processing the unwind of the old tariffs, with recent customs receipts showing a net deficit due to importer refunds exceeding new collections.