US EditionTrump says steep copper tariffs in store as he broadens his trade war
UNITED STATES, JUL 9 – Treasury Secretary Scott Bessent said tariff collections accelerated after major duties began in Q2, with expected revenue tripling to $300 billion by year-end under current trade policies.
- On Tuesday, Treasury Secretary Scott Bessent said the US has collected $100 billion in tariffs so far and may reach $300 billion by the end of 2025.
- The surge in tariff revenue began in Q2 after President Donald Trump imposed widespread 10% duties to protect US industries and boost federal income.
- Treasury records show $22.8 billion in May customs duties, nearly four times higher than last year's $6.2 billion, indicating a significant surge in tariff collection.
- US tariff revenue has reached $100 billion this year and may hit $300 billion by year-end, boosting policy goals while reports show tariffs have not increased inflation.
- Treasury outlook suggests $2.8 trillion in tariff income over a decade, with the $300 billion target by end-2025 implying steeper future rate increases.
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39 Articles
Trump says steep copper tariffs in store as he broadens his trade war - Hawaii Tribune-Herald
WASHINGTON/TOKYO — U.S. President Donald Trump on Tuesday said he would impose a 50% tariff on imported copper and soon introduce long-threatened levies on semiconductors and pharmaceuticals, broadening his trade war that has rattled markets worldwide. One day after he pressured 14 trading partners, including powerhouse U.S. suppliers like South Korea and Japan, with sharply higher tariffs, Trump reiterated his threat of 10% tariffs on products …
Washington. U.S. President Donald Trump yesterday extended his global trade war by announcing a 50 percent tariff on imported copper and saying that there will soon be taxes on semiconductors and pharmaceuticals of up to 200 percent, with which he has threatened for a long time.
Scott Bessent Says America Already on Track to Take in OVER $100 BILLION in Tariff Revenue This Year - Estimates "Well Over" $300 BILLION by End of Year as CBO Estimates Over $2.8 TRILLION Over 10 Years
Treasury Secretary Scott Bessent provided an update on the massive revenue the United States is bringing in as a result of President Trump’s tariffs during a cabinet meeting on Tuesday, revealing that the U.S.
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