Bessent: Tariffs Are Not for Revenue and Will Decline

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Source: Axios
Bessent: Tariffs Are Not for Revenue and Will Decline
Photo: Axios
TL;DR Summary

Treasury Secretary Scott Bessent stated that tariffs are not intended for revenue generation and their revenue benefits will decline as domestic tax receipts increase, amidst ongoing legal debates and Supreme Court considerations about the legality and purpose of tariffs imposed under the Trump administration.

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