U.S. Tariffs to Generate Billions, Aiming to Reduce National Debt
TL;DR Summary
Treasury Secretary Scott Bessent stated that the billions collected from tariffs will be used to pay down the US national debt, dismissing the idea of rebate checks for Americans, and highlighted that tariff revenue is expected to significantly exceed initial estimates, potentially leading to lower interest rates and increased home building.
- New tariffs are generating billions of dollars in revenue, but Bessent says that will go toward paying national debt CNN
- Will we get tariff rebate checks? What the Trump administration says FOX 8 News
- Bessent says tariff revenue could help pay down the nation's $37.2T debt Fox Business
- Trump says tariffs are going to be enough to pay down national debt. They likely won’t even touch the sides Fortune
- U.S. Tariff Revenue to Soar ‘Substantially,’ Says Bessent TipRanks
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