U.S. Treasury Secretary Scott Bessent recently made a striking economic forecast. According to his view, customs revenue generated from the current tariff policies could see significant growth. Specifically, this figure is expected to exceed $500 billion annually, and it may even climb close to $1 trillion.



Bessent pointed out that there has been a significant upward trend in tariff revenue in July and August this year, and it is expected that the growth in September will be even more considerable. This phenomenon has raised concerns about the financial situation of the United States.

It is worth noting that the tax cuts and spending bill passed earlier this year is expected to lead to a $3.4 trillion increase in the deficit over the next decade. Against this backdrop, the growing tariff revenue is seen as an important way to help bridge part of the fiscal gap.

The latest forecast released by the Congressional Budget Office strongly supports this viewpoint. The agency believes that the current tariff policy is expected to reduce the deficit by $4 trillion over the next decade, a significant increase from the previous estimate of $3 trillion.

This series of data and forecasts reflects the complexity of current economic policies in the United States, as well as the challenges the government faces in balancing fiscal revenue and expenditure. Tariff policies, as an economic tool, have impacts that extend beyond the trade sector and profoundly affect the overall fiscal condition of the country. However, the long-term effects of such policies and their impact on international trade relations still require further observation and evaluation.
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tx_pending_forevervip
· 2h ago
The crypto world has new suckers again.
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RektRecordervip
· 15h ago
Isn't going all in on USD still suffocating?
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ForkTroopervip
· 15h ago
Another tax increase? It's not over yet!
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HodlNerdvip
· 15h ago
interesting game theory here... classical prisoner's dilemma playing out in macro scale tbh
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NightAirdroppervip
· 15h ago
Sigh, the ability to Be Played for Suckers has improved.
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MetaverseLandlordvip
· 15h ago
Is it really that simple to collect taxes? The US is very anxious.
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DaoDevelopervip
· 15h ago
game theory at play... tariffs r just another governance primitive tbh
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