Of course on diverted trade the government does not derive tariff revenue.
The tariff revenue goes to the Treasury for the benefit of taxpayers.
But the loss of tariff revenue will cost roughly $11 billion during the next five years.
The trade accord will cost several billion dollars in tariff revenues.
The chief source of Federal revenue had been the tariff revenues.
"That we do, and send the tariff revenues to Cyad."
It estimated a loss of $2 billion to $3 billion in tariff revenue over five years.
One is the loss of existing tariff revenue, which amounts to a little over $1 billion a year.
Most importantly, the asset holding company was not independent, since it received itself a significant share of tariff revenues.
At other times, though, tariff revenue was considered more important than free intellectual property.