US EditionU.S. Tariff Revenue Could Reach $300 Billion This Year, Says Bessent
UNITED STATES, JUL 9 – Treasury Secretary Scott Bessent forecasts tariff revenues could exceed $300 billion in 2025, with $100 billion already collected by midyear under President Trump's trade policies.
- Treasury Secretary Scott Bessent says the US has collected $100 billion in tariffs this year and projects over $300 billion by December, with major revenue starting in the second quarter.
- President Donald Trump imposed a near-universal 10% duty on U.S. imports in Q2, increasing levies on steel, aluminum, and autos, initiating significant tariff revenue collection.
- Treasury records show $63.4 billion collected in five months, with May reaching a record $22.8 billion; CBO projects $2.8 trillion over a decade.
- U.S. households face a $302 billion income loss, with prices rising 1.8% and unemployment increasing 40 basis points by the end of 2025, according to Yale analysis.
- Beyond 2025, reciprocal tariffs starting August 1 could boost total revenue to $2.8 trillion over a decade, according to the Congressional Budget Office.
31 Articles
31 Articles
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US tariff revenues surge as protectionist policies drive import reshuffling
Under President Donald Trump's trade policies, US tariff revenue has soared, driven by sweeping duties on steel, aluminum, autos, and goods from China. A recent spike in dutiable import values and effective tax rates underscores the growing impact of protectionism on global supply chains and domestic price pressures.
PBOC Adviser Urges $209 Billion Stimulus to Counter US Tariffs
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US could collect $300 billion in tariff revenue this year, Treasury chief says
Treasury Secretary Scott Bessent on Tuesday said the U.S. has taken in about $100 billion in tariff income so far this year, and this could grow to $300 billion by the end of 2025 as collections accelerate from President Donald Trump's trade campaign.
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