Bessent Says Tariff Revenue Will Go to National Debt Before Rebate Checks

Trump Admin Is Gaslighting Us About Tariff Revenue

Sam Bourgi, Investors Observer Analysts warn Trump's plan to use tariffs to pay down the debt is a mirage, with July's haul covering just a fraction of the monthly deficit.

Treasury Secretary quashes hopes that Americans will get rebate checks from tariffs

Bessent says debt, not rebate checks, will be administration’s priority for tariff revenue as prices rise for Americans

Trump's tariff revenue has skyrocketed in just a few months, soaring past 2024 levels

Trump tariffs generate record $29 billion in July revenue as Treasury Secretary Bessent considers using funds to pay down America's $37.2 trillion national debt.

Bessent says tariff revenue will go to national debt before rebate checks

Treasury Secretary Scott Bessent said the Trump administration was “laser focused” on paying down the national debt with tariff revenue, dismissing the idea of rebate check disbursement within the next few months.  "I've been saying that tariff revenue could be $300 billion this year. I'm going to have to revise that up substantially," Bessent said during a Tuesday appearance on CNBC's “Squawk Box.”  "We're going to bring down the deficit to GDP…

Trump’s tariff revenue has skyrocketed in just a few months, soaring past 2024 levels

NEWYou can now listen to Fox News articles! President Donald Trump has long touted tariffs as a key source of government revenue, and within just a few months of their implementation, billions of dollars have already flowed into federal coffers. The U.S. collected more than $29 billion in tariff revenues in July, the highest monthly total this year. According to the Treasury Department’s latest “Customs and Certain Excise Taxes” data, released o…