Trump Says Tariff Revenues Will Skyrocket as Pre-Tariff Stockpiles Run Out

Date:

Shipping containers are stacked as cranes unload cargo ships at the Port of Los Angeles in San Pedro, Calif., on April 15, 2025. Patrick T. Fallon/AFP via Getty ImagesPresident Donald Trump said over the weekend that tariff revenues are poised to skyrocket as global buyers exhaust stockpiles of untariffed goods, clearing the way for what he described as record-setting inflows to the U.S. Treasury and a new era of national security and wealth.In a Nov. 23 post on Truth Social, Trump said foreign importers had stocked up on large quantities of goods ahead of tariff implementation to delay paying duties. That front-loading, he said, created a temporary lag in the full revenue effect of his global tariff regime.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Trumps CCP Election Interference Claims May Signal Shift in China Policy: Analysts

President Donald Trump on July 16 said in a...

US Inland College Towns Attract First-Time Buyers as Home Prices Rise: Report

As high housing costs nationwide continue to reshape buyer...

The 50/30/20 Budget Explained: Does the Rule Still Work in 2026?

If the 50/30/20 budget feels unrealistic, a few adjustments...

IRS Increases Mileage Tax Deduction Rates Amid Fuel Price Hike

The IRS has raised the mileage rate tax deduction...