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Scott Bessent predicts $300B+ in tariff revenue for 2025
The announcement represents a win for the administration, which has positioned tariffs as both a means of equalizing trade and raising revenue.
Tariff hikes have already helped the U.S., Bessent says
Treasury Secretary Scott Bessent said in a Cabinet meeting that tariff hikes have already helped the U.S. "We will have taken in about $100 billion in tariff income this far this year," Bessent said.
US received $100 billion in tariffs so far, may hit $300 billion by year-end, says Scott Bessent
The United States has collected $100 billion in tariffs so far this year, a figure that could triple to $300 billion by ...
Tariffs will revert to April levels if countries don't make a deal by August 1, Bessent says
Tariffs are set to return to President Donald Trump's original April levels without new trade deals by August 1, Treasury ...
Treasury secretary says countries without trade deals will see tariffs 'boomerang' to April rates by Aug. 1
Steep tariff rates are set to go back into effect after a 90-day pause on the April 2 rates that rocked the stock market.
Bessent: Foreign Manufacturers Are Taking Tariff Costs Into Their Margins
Treasury Secretary Scott Bessent makes the case that Trump's tariffs have not caused inflation, or even significant price ...
Dow down 100 points as soft tariff deadline approaches
U.S. stocks opened lower on Monday as investors kept an eye out for more trade-related news as President Donald Trump's flexible July 9 deal deadline approached. Treasury Secretary Scott Bessent said ...