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
$11 billion will go to row-crop farmers immediately, with $1 billion set aside for specialty crops.
American soybean and corn leaders, along with Canada’s AgriFood sector, testified before the U.S. Trade Representative’s Office in support of the trade pact between the U.S., Mexico, and Canada.
WTO gauges point to agricultural raw materials trade growing more slowly than overall goods, reinforcing the need to manage export risk and monitor policy shifts closely.
One trader said the products entering the U.S. are primarily grind and trim, noting that the volume and type of beef, on its own, should not cause a major disruption. However, he says fund traders are reacting heavily to headlines rather than market realities.
Higher rail tariffs and tighter Canadian supplies will keep oat transportation costs firm into 2026.
