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
Tariff relief may soften grocery prices, but it also intensifies competition for U.S. fruit, vegetable, and beef producers as cheaper imports regain market share.
U.S. Trade officials announced new deals with El Salvador, Guatemala, Ecuador, and Argentina, as well as a steep reduction in tariffs on Swiss imports.
RealAg Radio host Shaun Haney shares insights from a recent study, discusses EV market access in Canada, and highlights other market opportunities top of mind for Canadian producers.
Stagger buys and diversifies fertilizer sources — watch CBAM, India’s tenders, and Brazil’s import pace to time urea, phosphate, and potash purchases.
Farm CPA Paul Neiffer shares insight into what these new accounts, established in provisions of the Big, Beautiful Bill, could mean for the farm families.
The Court may limit emergency tariff powers, complicating a key bargaining tool; ag could see shifts in input costs and export dynamics as China, Brazil, and India talks evolve.
