INTERNATIONAL
Trump vows revenue from tariffs will reach 'extremely strong levels' in about a month
US President Donald Trump touts US$25B in tariff revenue, says rising duties signal strength while accusing EU and Japan of unfair trade practices. - REUTERS/Filepic
MARYLAND, United States: U.S. President Donald Trump on Saturday (July 13) predicted a sharp increase in tariff revenue in a month, telling reporters at Joint Base Andrews that duties on imports will soon reach what he called "extremely strong levels."
AI Brief
Trump said the U.S. collected $25 billion in revenue last month, crediting both his administration’s management and rising tariffs on goods such as cars, aluminum, steel, and lumber. "We have tariffs pouring in at levels that we have never seen before and they've only just started. That's really a small portion," said Trump.
The president also addressed trade relations with other countries, claiming some of them have maintained closed markets while benefiting from access to the U.S. “They wouldn’t let us do business there, but they would do business in our country. Not a fair deal,” Trump said, naming the European Union and Japan as examples.
Your gateway to global news, insights, and stories that matter.
AI Brief
- Trump claims $25 billion in US revenue last month came largely from tariffs on goods like cars, steel, and lumber.
- He says the surge in tariff income is just beginning and reflects his administration's strong trade stance.
- Trump accuses countries like the EU and Japan of maintaining unfair trade barriers while exploiting US market access.
Trump said the U.S. collected $25 billion in revenue last month, crediting both his administration’s management and rising tariffs on goods such as cars, aluminum, steel, and lumber. "We have tariffs pouring in at levels that we have never seen before and they've only just started. That's really a small portion," said Trump.
The president also addressed trade relations with other countries, claiming some of them have maintained closed markets while benefiting from access to the U.S. “They wouldn’t let us do business there, but they would do business in our country. Not a fair deal,” Trump said, naming the European Union and Japan as examples.