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The announcement represents a win for the administration, which has positioned tariffs as both a means of equalizing trade and raising revenue.
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.
5hon MSN
The United States has collected $100 billion in tariffs so far this year, a figure that could triple to $300 billion by ...
Tariffs are center stage for investors this week, although the White House has extended the pause on so-called reciprocal ...
2don MSN
Tariffs are set to return to President Donald Trump's original April levels without new trade deals by August 1, Treasury ...
Treasury Secretary Scott Bessent makes the case that Trump's tariffs have not caused inflation, or even significant price ...
On CNN, Treasury Secretary Scott Bessent discussed President Trump's tariff strategy as demand letters are sent out.
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