U.S. Treasury Secretary says tariff revenue could reach US$ 600 billion a year and that the dollar will remain strong

For Scott Bessent, the collection could help cover the costs of the tax cuts that the American Congress is considering. The Secretary of the Treasury, Scott Bessent, said that the United States could collect from US$ 300 billion to US$ 600 billion a year in tariffs. That number suggests little change, in the short term, to the tariff rates announced this week, but it could help cover the costs of the tax cuts that Congress is considering. “We wi…

NEW YORK - U.S. revenue from tariffs imposed by U.S. President Donald Trump's administration could amount to $300 billion to as much as $600 billion a year, U.S. Treasury Secretary Scott Bessent has said.