INTERNATIONAL
US Treasury Secretary reports US$100 billion in tariff income
Trump official says US tariff revenues are nearing US$100B and could hit US$300B annually though exact timeframe remains unclear. - REUTERS/Filepic
WASHINGTON: The United States has recently collected nearly US$100 billion in tariffs, Treasury Secretary Scott Bessent said on Tuesday, reported German news agency dpa.
AI Brief
"We're close closing in on US$100 billion. I think we could annualise at US$300 billion," he said in an interview with the US broadcaster Fox Business when asked about the current level of tariff revenues.
Bessent had previously suggested the possibility of reaching US$300 billion by the end of the year. It remains unclear what specific time frame Bessent is referring to with his figure of nearly US$100 billion.
The secretary emphasised that tariff revenues increased in June, without specifying a number.
--BERNAMA-dpa
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AI Brief
- Tariff revenues are approaching 100 billion, says Secretary Bessent.
- Annual revenue could potentially reach300 billion.
- June saw an increase in tariff revenue, but no specific figure was shared.
"We're close closing in on US$100 billion. I think we could annualise at US$300 billion," he said in an interview with the US broadcaster Fox Business when asked about the current level of tariff revenues.
Bessent had previously suggested the possibility of reaching US$300 billion by the end of the year. It remains unclear what specific time frame Bessent is referring to with his figure of nearly US$100 billion.
The secretary emphasised that tariff revenues increased in June, without specifying a number.
--BERNAMA-dpa