Reported 21 days ago
U.S. Treasury Secretary Scott Bessent announced that the country has already collected approximately $100 billion in tariffs this year, with expectations to reach $300 billion by the end of 2025 due to heightened tariffs from President Trump's trade policies. Major tariff collections began in the second quarter of 2025, following a universal 10% duty on imports and increased tariffs on steel, aluminum, and autos. The increase in collections indicates significant growth in enforcement and implementation of tariffs in the coming months.
Source: YAHOO