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WOW: Bessent reveals U.S. has already pulled in over $100 billion from tariffs on other countries just over the past few months. This is huge. Staggering numbers from Treasury Secretary Scott Bessent at Trump’s cabinet meeting today. He laid out just how much tariff revenue has come in so...

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The Vigilant Fox 🦊

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121,530 просмотров • 1 год назад •via X (Twitter)

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🇺🇸Treasury Secretary Scott Bessent 🦅Reported $100 billion in tariff income this year, with major tariffs starting in the second quarter, projecting over $300 billion by year-end 🦅Highlighted the One Big Beautiful Bill's historic investments in economic development and border security
0:30

🇺🇸Treasury Secretary Scott Bessent 🦅Reported $100 billion in tariff income this year, with major tariffs starting in the second quarter, projecting over $300 billion by year-end 🦅Highlighted the One Big Beautiful Bill's historic investments in economic development and border security

The White House

518,684 просмотров • 1 год назад

.Treasury Secretary Scott Bessent stuns at Trump's Cabinet meeting with the latest figures on tariff revenue "You have leveled the international trading system whereby countries took advantage of us, and that's over. It's over. The Treasury Department is taking in record tariff revenues, that I had been saying was running at a rate of $300 billion a year... We had a substantial jump from July to August, and I think we're gonna see a bigger jump from August to September. I think we could be on our way, well over half a trillion, maybe towards the trillion-dollar number. This administration, your administration has made a meaningful dent in the budget deficit. The average budget deficit during this term is 26% less than the last 12 months under Biden. And even the CBO, and we don't agree with CBO on everything, as you said... had to admit that they believe, over the next 10 years, the budget deficit will be $4 trillion lower than they had previously scored. $4 trillion. $3.3 trillion of tariff income, $700 billion of lower interest costs. And I would expect that that number could go up from here."
2:00

.Treasury Secretary Scott Bessent stuns at Trump's Cabinet meeting with the latest figures on tariff revenue "You have leveled the international trading system whereby countries took advantage of us, and that's over. It's over. The Treasury Department is taking in record tariff revenues, that I had been saying was running at a rate of $300 billion a year... We had a substantial jump from July to August, and I think we're gonna see a bigger jump from August to September. I think we could be on our way, well over half a trillion, maybe towards the trillion-dollar number. This administration, your administration has made a meaningful dent in the budget deficit. The average budget deficit during this term is 26% less than the last 12 months under Biden. And even the CBO, and we don't agree with CBO on everything, as you said... had to admit that they believe, over the next 10 years, the budget deficit will be $4 trillion lower than they had previously scored. $4 trillion. $3.3 trillion of tariff income, $700 billion of lower interest costs. And I would expect that that number could go up from here."

Breitbart News

69,398 просмотров • 10 месяцев назад

.Treasury Secretary Scott Bessent: "[The CBO] came out and scored the tariff revenue, we think it will be the minimum of $2.8T over the 10-year window, which actually puts the bill in surplus if you include the tariff revenue — which they won't do."
0:40

.Treasury Secretary Scott Bessent: "[The CBO] came out and scored the tariff revenue, we think it will be the minimum of $2.8T over the 10-year window, which actually puts the bill in surplus if you include the tariff revenue — which they won't do."

Rapid Response 47

492,015 просмотров • 1 год назад

Then came one of the biggest financial updates of the meeting...from Treasury Secretary Scott Bessent. What he revealed was staggering. Bessent said that America is now pulling in RECORD tariff revenues...between $500 BILLION and $1 TRILLION a year...and the budget deficit is already down 26% from Biden’s last year in office. These are not small numbers. Bessent explained how Trump flipped the system on its head. The days of unbalanced international trade are over, and with that comes a massive influx of cash directly affecting America’s deficit. “On the international front you have a leveled the international trading system whereby countries took advantage of us and that’s over. It’s OVER.” “The Treasury Department is in is taking in record tariff revenues that I had been saying was running at a rate of 300 billion a year.” “You chastised me for saying that—number is too low. And as usual, you we’re right, that we had a substantial, jump from July to August, and I think we’re going to see a bigger jump from August to September.” “So I think we could be on our way, well, over half a trillion, maybe the, towards the trillion dollar number.” “This administration, your administration, has made a meaningful dent in the budget deficit.” Even the CBO, which often clashes with the Trump administration, had to concede: the deficit is projected to drop by $4 trillion over the next decade. “The average budget deficit during this term is 26% less than the last 12 months under Biden and even the CBO, and we don’t agree with CBO on everything as you said, last Friday—had to admit that they believe over the next ten years the budget deficit will be 4 trillion lower than they had previously scored.” And according to Bessent, that number could go even higher. “4 trillion: 3.3 trillion of tariff income, 700 billion of lower interest cost, and, you know, I would expect that that number could go up from here.”
1:34

Then came one of the biggest financial updates of the meeting...from Treasury Secretary Scott Bessent. What he revealed was staggering. Bessent said that America is now pulling in RECORD tariff revenues...between $500 BILLION and $1 TRILLION a year...and the budget deficit is already down 26% from Biden’s last year in office. These are not small numbers. Bessent explained how Trump flipped the system on its head. The days of unbalanced international trade are over, and with that comes a massive influx of cash directly affecting America’s deficit. “On the international front you have a leveled the international trading system whereby countries took advantage of us and that’s over. It’s OVER.” “The Treasury Department is in is taking in record tariff revenues that I had been saying was running at a rate of 300 billion a year.” “You chastised me for saying that—number is too low. And as usual, you we’re right, that we had a substantial, jump from July to August, and I think we’re going to see a bigger jump from August to September.” “So I think we could be on our way, well, over half a trillion, maybe the, towards the trillion dollar number.” “This administration, your administration, has made a meaningful dent in the budget deficit.” Even the CBO, which often clashes with the Trump administration, had to concede: the deficit is projected to drop by $4 trillion over the next decade. “The average budget deficit during this term is 26% less than the last 12 months under Biden and even the CBO, and we don’t agree with CBO on everything as you said, last Friday—had to admit that they believe over the next ten years the budget deficit will be 4 trillion lower than they had previously scored.” And according to Bessent, that number could go even higher. “4 trillion: 3.3 trillion of tariff income, 700 billion of lower interest cost, and, you know, I would expect that that number could go up from here.”

The Vigilant Fox 🦊

238,588 просмотров • 10 месяцев назад

.Treasury Secretary Scott Bessent: "Just on the tariff income, I've been saying $300 billion, but I think we're going to have to substantially revise that up ... In terms of the committed investment by private industry, we're well over $10 trillion." 🔥
0:24

.Treasury Secretary Scott Bessent: "Just on the tariff income, I've been saying $300 billion, but I think we're going to have to substantially revise that up ... In terms of the committed investment by private industry, we're well over $10 trillion." 🔥

Rapid Response 47

499,021 просмотров • 11 месяцев назад

Holee Tariffs Batman! Scott Bessent says We've brought in nearly $100B in tariff revenue so far and are on track for $300B this year. That's almost 1% of the GDP. We are ON TRACK to totally dismantle the IRS with the ERS!
1:16

Holee Tariffs Batman! Scott Bessent says We've brought in nearly $100B in tariff revenue so far and are on track for $300B this year. That's almost 1% of the GDP. We are ON TRACK to totally dismantle the IRS with the ERS!

MJTruthUltra

203,875 просмотров • 11 месяцев назад

I voted for this‼️ ⬇️⬇️⬇️ We Have a 26.6 BILLION dollar Federal Surplus!! This is HUGE! Treasury Secretary Scott Bessent has suggested that tariff collections could reach $300 billion by the end of the year‼️‼️‼️ The MSM won’t report this so please share! 🇺🇸 #MAGA
1:07

I voted for this‼️ ⬇️⬇️⬇️ We Have a 26.6 BILLION dollar Federal Surplus!! This is HUGE! Treasury Secretary Scott Bessent has suggested that tariff collections could reach $300 billion by the end of the year‼️‼️‼️ The MSM won’t report this so please share! 🇺🇸 #MAGA

𝕿𝖍𝖊 𝕷𝖎𝖔𝖓𝖊𝖘𝖘™️

66,271 просмотров • 1 год назад

NEW: Bessent unveils new form of TDS among Trump critics — “Tariff Derangement Syndrome.” Absolutely spot on. Treasury Secretary Scott Bessent says Trump’s critics have simply swapped their old “Trump Derangement Syndrome” for a new version he’s dubbing “Tariff Derangement Syndrome.” “Well, Joe, as I’ve said over the past few weeks, TDS, which used to mean Trump Derangement Syndrome, has turned into ‘Tariff Derangement Syndrome.’” Bessent pointed out these same critics were sure the economy would stall or inflation would spike.....none of which happened. They were wrong....again. “None of that has happened. And as a matter of fact, we’re taking in substantial tariff income…” “Some Democrat made the mistake of asking the CBO to score tariff. Over the ten-year window, that’s $2.8 trillion based on the current deals. And I can tell you that the deals that are coming out will be slightly higher than that.” “So again, I don’t like CBO scoring, but $2.83 trillion over the ten-year window substantially eases the deficit.” Not exactly the catastrophe Trump’s critics were hoping for.
0:59

NEW: Bessent unveils new form of TDS among Trump critics — “Tariff Derangement Syndrome.” Absolutely spot on. Treasury Secretary Scott Bessent says Trump’s critics have simply swapped their old “Trump Derangement Syndrome” for a new version he’s dubbing “Tariff Derangement Syndrome.” “Well, Joe, as I’ve said over the past few weeks, TDS, which used to mean Trump Derangement Syndrome, has turned into ‘Tariff Derangement Syndrome.’” Bessent pointed out these same critics were sure the economy would stall or inflation would spike.....none of which happened. They were wrong....again. “None of that has happened. And as a matter of fact, we’re taking in substantial tariff income…” “Some Democrat made the mistake of asking the CBO to score tariff. Over the ten-year window, that’s $2.8 trillion based on the current deals. And I can tell you that the deals that are coming out will be slightly higher than that.” “So again, I don’t like CBO scoring, but $2.83 trillion over the ten-year window substantially eases the deficit.” Not exactly the catastrophe Trump’s critics were hoping for.

The Vigilant Fox 🦊

45,086 просмотров • 1 год назад

🚨 JUST IN: Treasury Sec. Scott Bessent INFURIATES MSNBC panel after expertly explaining how tariffs have actually helped Americans "Tariffs help consumers because [we] have brought down the budget deficit. MIT came out with a study that said that 42% of the great inflation was caused by the big deficit spending." "So as you bring down deficit spending, inflation will come down. Right now, we've taken substantial tariff income over time that will rebalance as the factories move to the U.S. and that will become the corporate income or wage income - and by bringing down the budget deficit, we are bringing down inflation!" Scott is setting the record straight!
0:44

🚨 JUST IN: Treasury Sec. Scott Bessent INFURIATES MSNBC panel after expertly explaining how tariffs have actually helped Americans "Tariffs help consumers because [we] have brought down the budget deficit. MIT came out with a study that said that 42% of the great inflation was caused by the big deficit spending." "So as you bring down deficit spending, inflation will come down. Right now, we've taken substantial tariff income over time that will rebalance as the factories move to the U.S. and that will become the corporate income or wage income - and by bringing down the budget deficit, we are bringing down inflation!" Scott is setting the record straight!

Eric Daugherty

477,250 просмотров • 8 месяцев назад

SORRY, DOOMSDAYERS, TRUMP’S ECONOMY IS OUTPERFORMING “Every single measure that we have of inflation is lower than it’s been in more than four years, and meanwhile, while that’s happening, we got about $16 billion in tariff revenue. And the Congressional Budget Office just put out a report that says we’re going to get $2.8 trillion over the next 10 years of revenue from the tariffs. And there’s no inflation.” – Kevin Hassett
0:58

SORRY, DOOMSDAYERS, TRUMP’S ECONOMY IS OUTPERFORMING “Every single measure that we have of inflation is lower than it’s been in more than four years, and meanwhile, while that’s happening, we got about $16 billion in tariff revenue. And the Congressional Budget Office just put out a report that says we’re going to get $2.8 trillion over the next 10 years of revenue from the tariffs. And there’s no inflation.” – Kevin Hassett

Laura Ingraham

210,652 просмотров • 1 год назад

.Treasury Secretary Scott Bessent: "When I was here in April, the sky was falling with the tariffs... Since then, the U.S. bond market has been the best performing bond market in the developed world... [because of] the tariff income and the fiscal improvement that we are seeing."
0:25

.Treasury Secretary Scott Bessent: "When I was here in April, the sky was falling with the tariffs... Since then, the U.S. bond market has been the best performing bond market in the developed world... [because of] the tariff income and the fiscal improvement that we are seeing."

Rapid Response 47

169,923 просмотров • 10 месяцев назад

President Trump stated on Thanksgiving that his administration was looking at almost completely ELIMINATING federal income due to the money the U.S. is bringing in from tariff revenue. “Over the next couple of years, I think we’ll substantially be cutting and maybe cutting out completely, but we’ll be cutting income tax. Could be almost completely cutting it because of the money we’re taking in [from tariffs], is going to be so large.”
1:09

President Trump stated on Thanksgiving that his administration was looking at almost completely ELIMINATING federal income due to the money the U.S. is bringing in from tariff revenue. “Over the next couple of years, I think we’ll substantially be cutting and maybe cutting out completely, but we’ll be cutting income tax. Could be almost completely cutting it because of the money we’re taking in [from tariffs], is going to be so large.”

RedWave Press

17,885 просмотров • 7 месяцев назад

Bessent: Don’t Need Trade Deal with China, We Make Revenues Off Tariffs, ‘It’s Not Broke’ | Ian Hanchett, Breitbart News On Tuesday’s broadcast of the Fox News Channel’s “Ingraham Angle,” Treasury Secretary Scott Bessent responded to a question on whether or not a trade deal with China is needed by stating that “China is, right now, the biggest revenue line in the tariff income” and remarking, “if it’s not broke, don’t fix it.” But Bessent also said there have been “very good talks with China” and he thinks there will be further discussions with them. Host Laura Ingraham asked, [relevant exchange begins around 8:30] “When do you expect that we will see movement on the China talks, and do we need a trade agreement with China, given how well the tariffs are working out?” Bessent answered, “Look, we’re very happy is — we had 20% — about 20, 25% tariffs in President Trump’s first term. We’ve added 20% fentanyl tariffs, 10% baseline tariffs. So, we’re at 50 or 55%. China is, right now, the biggest revenue line in the tariff income. So, if it’s not broke, don’t fix it. We have had very good talks with China. I imagine we’ll be seeing them again before November. They have a 10% tariff on us. They have started shipping the rare earth magnets, which we agreed to. We had put some countermeasures on them that we’ve taken off. So, I think, right now, the status quo’s working pretty well.”
13:04

Bessent: Don’t Need Trade Deal with China, We Make Revenues Off Tariffs, ‘It’s Not Broke’ | Ian Hanchett, Breitbart News On Tuesday’s broadcast of the Fox News Channel’s “Ingraham Angle,” Treasury Secretary Scott Bessent responded to a question on whether or not a trade deal with China is needed by stating that “China is, right now, the biggest revenue line in the tariff income” and remarking, “if it’s not broke, don’t fix it.” But Bessent also said there have been “very good talks with China” and he thinks there will be further discussions with them. Host Laura Ingraham asked, [relevant exchange begins around 8:30] “When do you expect that we will see movement on the China talks, and do we need a trade agreement with China, given how well the tariffs are working out?” Bessent answered, “Look, we’re very happy is — we had 20% — about 20, 25% tariffs in President Trump’s first term. We’ve added 20% fentanyl tariffs, 10% baseline tariffs. So, we’re at 50 or 55%. China is, right now, the biggest revenue line in the tariff income. So, if it’s not broke, don’t fix it. We have had very good talks with China. I imagine we’ll be seeing them again before November. They have a 10% tariff on us. They have started shipping the rare earth magnets, which we agreed to. We had put some countermeasures on them that we’ve taken off. So, I think, right now, the status quo’s working pretty well.”

Owen Gregorian

52,754 просмотров • 10 месяцев назад

Asked about the possibility that tariff revenue will dwindle over time if steep levies on foreign goods encourage Americans to buy US-made products, Secretary Bessent says that may be part of the point. “That's why in the past I called tariff policy done properly, is a shrinking ice cube. We will start out with high, high tariff income but then as the factories come to the US, we will have more business income and we'll have more paycheck income."
1:41

Asked about the possibility that tariff revenue will dwindle over time if steep levies on foreign goods encourage Americans to buy US-made products, Secretary Bessent says that may be part of the point. “That's why in the past I called tariff policy done properly, is a shrinking ice cube. We will start out with high, high tariff income but then as the factories come to the US, we will have more business income and we'll have more paycheck income."

Kaitlan Collins

559,057 просмотров • 1 год назад

BREAKING: Treasury Secretary CONFIRMS Trump’s plan to swap income tax for tariffs — “There is a good chance we’ll see it in the upcoming tax bill.” In a bombshell moment during the White House press briefing, Treasury Secretary Scott Bessent just confirmed that tariff revenue could immediately fund tax relief for working Americans. Asked whether the U.S. would prioritize long-term tariff revenue or future trade deals, Bessent said: “I think it is a combination of both.” He explained that talks are already underway with 17 of America’s 18 key trading partners—and many are already flying into Washington. But the biggest news? “What President Trump is referring to is the ability for tariff revenue to give income tax relief,” Bessent said. “I think there is a good chance we will see this in the upcoming tax bill.” Trump’s vision: – No tax on tips – No tax on Social Security – No tax on overtime – Restored auto loan interest deductibility (for American-made vehicles) According to Bessent, tariff income could cover those tax cuts right away. When asked if tariffs will play a long-term role in U.S. fiscal policy, Bessent didn’t hesitate: “Tariffs will bring back American manufacturing and generate substantial revenues.”
1:36

BREAKING: Treasury Secretary CONFIRMS Trump’s plan to swap income tax for tariffs — “There is a good chance we’ll see it in the upcoming tax bill.” In a bombshell moment during the White House press briefing, Treasury Secretary Scott Bessent just confirmed that tariff revenue could immediately fund tax relief for working Americans. Asked whether the U.S. would prioritize long-term tariff revenue or future trade deals, Bessent said: “I think it is a combination of both.” He explained that talks are already underway with 17 of America’s 18 key trading partners—and many are already flying into Washington. But the biggest news? “What President Trump is referring to is the ability for tariff revenue to give income tax relief,” Bessent said. “I think there is a good chance we will see this in the upcoming tax bill.” Trump’s vision: – No tax on tips – No tax on Social Security – No tax on overtime – Restored auto loan interest deductibility (for American-made vehicles) According to Bessent, tariff income could cover those tax cuts right away. When asked if tariffs will play a long-term role in U.S. fiscal policy, Bessent didn’t hesitate: “Tariffs will bring back American manufacturing and generate substantial revenues.”

The Vigilant Fox 🦊

537,752 просмотров • 1 год назад

If you want to listen to CBO scoring: over a 10-year window, CBO has us generating $2.8 trillion in revenue. Tariffs have not hurt growth. The market rebounded quickly from April’s 15% dip and is now at new highs. I’ve built my career listening to markets, not Wall Street economists, and I’ll continue to do just that.
0:46

If you want to listen to CBO scoring: over a 10-year window, CBO has us generating $2.8 trillion in revenue. Tariffs have not hurt growth. The market rebounded quickly from April’s 15% dip and is now at new highs. I’ve built my career listening to markets, not Wall Street economists, and I’ll continue to do just that.

Treasury Secretary Scott Bessent

597,538 просмотров • 1 год назад

STEPHANOPOULOS: Trump says we're taking in "trillions of dollars" from tariffs. Is that true? BESSENT: Uh. Over the course of the next few years, we could take in trillions of dollars STEPHANOPOULOS: Are you worried though that the president's focus on revenue is going to hurt you at SCOTUS? BESSENT: Not at all
2:01

STEPHANOPOULOS: Trump says we're taking in "trillions of dollars" from tariffs. Is that true? BESSENT: Uh. Over the course of the next few years, we could take in trillions of dollars STEPHANOPOULOS: Are you worried though that the president's focus on revenue is going to hurt you at SCOTUS? BESSENT: Not at all

Aaron Rupar

1,175,930 просмотров • 8 месяцев назад

BREAKING: Trump Trade advisor, Peter Navarro, ridiculously claims that Auto tariffs will raise $100 billion and other tariffs will raise $600 billion a year. This is such a gaslighting attempt to mislead. No, they will NOT raise this much money. Not even close In 2024, the U.S. brought in about 8 million cars from other countries, worth around $200 billion. If we taxed those cars at 25%, and that does not cause imports to fall (which it would), that would only bring in $50 billion, not $100 billion. And even if we did raise the tariff that high, it might backfire. When things get more expensive, people usually buy less. So if imported cars get too pricey, people might stop buying them—and that means we’d collect less in taxes, not more. An his other ridiculous claim that tariffs on all imports would bring in $600 billion, again, that doesn’t hold up. In 2024, the U.S. imported about $3.1 trillion worth of stuff from other countries. To get $600 billion in tariff revenue, we’d need to tax everything we import at an average rate of 20%—and pretend that people would keep buying the same amount of imported goods, even at higher prices. That’s just not realistic. To give you some context, during Trump’s first term, he put tariffs on about $300 billion of Chinese goods. Those tariffs were as high as 25%, but over several years they only brought in about $70 billion total—not per year. That’s because when you raise prices, businesses and consumers often change their behavior. They might buy from somewhere else, or not buy at all. So the actual money the government collects is a lot lower than it looks on paper. So, bottom line: the numbers Navarro and others are throwing around sound impressive, but they don’t really match how the economy works in real life.
1:36

BREAKING: Trump Trade advisor, Peter Navarro, ridiculously claims that Auto tariffs will raise $100 billion and other tariffs will raise $600 billion a year. This is such a gaslighting attempt to mislead. No, they will NOT raise this much money. Not even close In 2024, the U.S. brought in about 8 million cars from other countries, worth around $200 billion. If we taxed those cars at 25%, and that does not cause imports to fall (which it would), that would only bring in $50 billion, not $100 billion. And even if we did raise the tariff that high, it might backfire. When things get more expensive, people usually buy less. So if imported cars get too pricey, people might stop buying them—and that means we’d collect less in taxes, not more. An his other ridiculous claim that tariffs on all imports would bring in $600 billion, again, that doesn’t hold up. In 2024, the U.S. imported about $3.1 trillion worth of stuff from other countries. To get $600 billion in tariff revenue, we’d need to tax everything we import at an average rate of 20%—and pretend that people would keep buying the same amount of imported goods, even at higher prices. That’s just not realistic. To give you some context, during Trump’s first term, he put tariffs on about $300 billion of Chinese goods. Those tariffs were as high as 25%, but over several years they only brought in about $70 billion total—not per year. That’s because when you raise prices, businesses and consumers often change their behavior. They might buy from somewhere else, or not buy at all. So the actual money the government collects is a lot lower than it looks on paper. So, bottom line: the numbers Navarro and others are throwing around sound impressive, but they don’t really match how the economy works in real life.

Ed Krassenstein

834,562 просмотров • 1 год назад

🚨 Treasury Secretary SCOTT BESSENT just dismantled Kristen Welker's ALARMISM. Masterclass. "When I was here in April, the sky was falling with the tariffs, that everyone is leaving the U.S. Since then, the U.S. bond market has been the best performing bond market in the developed world!" "And from Barclays Bank to Goldman Sachs to others are saying it is the tariff income and the fiscal improvement that we are seeing. And that's what President Trump is talking about."
0:25

🚨 Treasury Secretary SCOTT BESSENT just dismantled Kristen Welker's ALARMISM. Masterclass. "When I was here in April, the sky was falling with the tariffs, that everyone is leaving the U.S. Since then, the U.S. bond market has been the best performing bond market in the developed world!" "And from Barclays Bank to Goldman Sachs to others are saying it is the tariff income and the fiscal improvement that we are seeing. And that's what President Trump is talking about."

Eric Daugherty

46,392 просмотров • 10 месяцев назад

.Treasury Secretary Scott Bessent: “Last year, we were the best-performing G7 economy in the bond market, and one of the reasons that the bond market has been so tame is because we are getting our fiscal house in order. So I will take the market over the CBO any day.”
1:36

.Treasury Secretary Scott Bessent: “Last year, we were the best-performing G7 economy in the bond market, and one of the reasons that the bond market has been so tame is because we are getting our fiscal house in order. So I will take the market over the CBO any day.”

Trump War Room

33,641 просмотров • 5 месяцев назад