Bessent Says US Tariff Income May Be Well Over $300b by Year-end

US may collect “well over” $300 billion in tariffs by the end of the year, Treasury Secretary Scott Bessent says during a cabinet meeting.

• Major jump in tariffs collection will start on Aug. 1 when new tariff rates take effect: Bessent
  • US has collected about $100 billion in tariffs so far this year, he says
• NOTE: Trump Says ‘No Extensions’ After August 1 Tariff Deadline

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Maria Luiza Rabello

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