The Trump Administration says it can now assign a dollar value to the President’s tariff plan.
During President Trump’s cabinet meeting yesterday afternoon, Treasury Secretary Scott Bessent told the panel that the U.S. has pulled in $100 billion since the tariff rollout. By the end of the year, he estimates tariffs will net the U.S. $300 billion. He says that in ten years, the Congressional Budget Office shows $2.8 trillion collected as a result of the tariff plan.
Bessent told the Cabinet that he believes the 10-year payout will be much higher. This week, President Trump gave an August 1st deadline for blanket tariffs.
Related Stories
Countries that buy American cotton could receive favorable tariff treatment on qualifying apparel.
Lower tariffs could improve U.S. competitiveness, but the framework does not guarantee Chinese purchases.
U.S.-Mexico tariff talks have stalled over autos, steel, and aluminum, raising concerns about trade certainty and access for American agricultural exports.
RealAg Radio host Shaun Haney discusses concerns equipment manufacturers raised during meetings with Canadian lawmakers in Ottawa.
