Treasury Secretary Scott Bessent announced on Tuesday that the US has brought in $100 billion in revenue since President Donald Trump has implemented a number of tariffs imposed on goods imported into the US and that the country will bring in about $300 billion this year.
Bessent told those in a Tuesday Cabinet meeting, “We’ve taken in about $100 billion in tariff income thus far this year, and that’s with the major tariffs not having started until the second quarter. So we could expect that could be over $300 billion by the end of the year.”
The staggering figures don’t stop there. Bessent added that over the next decade, these tariffs will generate approximately $2.8 trillion in government revenue. That’s $2.8 trillion that won’t come from increased taxes on American citizens.
Good Night, Patriots! Don't let Chuck Schumer get you down!
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