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Scott Bessent predicts $300B+ in tariff revenue for 2025
The announcement represents a win for the administration, which has positioned tariffs as both a means of equalizing trade and raising revenue.
US received $100 billion in tariffs so far, may hit $300 billion by year-end, says Scott Bessent
The United States has collected $100 billion in tariffs so far this year, a figure that could triple to $300 billion by ...
Tariff rates to return to April levels if August trade deal deadline unmet, Bessent says
Treasury Secretary Scott Bessent said Sunday that counties that do not make deals with the United States by August will see ...
Bessent: Tariffs will ‘boomerang' back to April levels by Aug. 1 for countries without deals
President Donald Trump in April announced a 90-day pause on the tariffs he had unveiled just days prior on virtually every ...
Tariffs will revert to April levels if countries don't make a deal by August 1, Bessent says
Tariffs are set to return to President Donald Trump's original April levels without new trade deals by August 1, Treasury ...
Tariff hikes have already helped the U.S., Bessent says
Treasury Secretary Scott Bessent said in a Cabinet meeting that tariff hikes have already helped the U.S. "We will have taken in about $100 billion in tariff income this far this year," Bessent said.
Tariffs, Fed Minutes, Delta Results: Still to Come This Week
Tariffs are center stage for investors this week, although the White House has extended the pause on so-called reciprocal ...
Bessent teases new Aug. 1 deadline for tariffs, says Fed chair can’t cut rates like Trump wants
Treasury Secretary Scott Bessent revealed that the Trump administration is now eyeing Aug. 1 as the date to slap the ...
Trump team moves goalposts on tariffs again
Tariffs will revert back to their April 2 rates on Aug. 1 for countries that fail to nail down new trade deals with the ...