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US Tariffs Generate $88 Billion in Revenue Amid Trade Policy Shifts
US Tariffs Generate $88 Billion in Revenue Amid Trade Policy Shifts
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BTCCSquare news:
The TRUMP administration's April tariffs have yielded approximately $88 billion in revenue, with June seeing accelerated inflows. During an Oval Office briefing, the president noted revenues exceeded initial projections, though specifics remain undisclosed. A 90-day tariff pause—maintaining a universal 10% duty—allowed renegotiation of trade deals with nations including India, Japan, and European states.
White House Economic Council Chair Kevin Hassett revealed $50-60 billion was collected in May alone. Should the suspension lift in July, fiscal inflows could surge further. The policy continues to strain international relations as trading partners contest the measures.
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