The American trade representative Jamieson Greer about the idea that President Trump rewrites mutual rates for national security rates after the ruling of a federal court.
President Donald Trump In a truth on Sunday, the country wrote that the country would be “completely destroyed” without the “trillion dollars” of tariff income that enters the American economy.
The revelation came only a few days after a Federal Court of Appeal ruled that Trump had exceeded his authority by using emergency powers to impose new rates on imported goods.
Trump calls Tariefwindfall ‘so beautiful to see when cash comes in
The ruling gave a blow to Trump’s trade policy, an important pillar of his economic agenda, which leans heavily on rates to increase income and put pressure on foreign trading partners.
A container ship sails from the port in Qingdao, in the eastern province of Shandong in China, on August 7, 2025. (Str / AFP / Getty images)
Attorney -General Pam Bondi said that the Ministry of Justice will appeal against the ruling at the Supreme Court. In the meantime, the court allowed the rates to remain in force until mid -October.
Trump has long since praised rates as an important source of government revenues, and within a few months after his radical trade policy, billions of dollars had already flowed into the federal treasury.
Trump’s tariff income has been raised and rises after 2024 levels
The tariff income rose steadily from around $ 17.4 billion in April to $ 23.9 billion in May, before climbing to $ 28 billion in June and in July at $ 29.6 billion.
According to the latest data from the Treasury Department “Customs and certain excise duties”, released on 28 August, the total tariff income has reached $ 183.1 billion for the tax year.
At the current pace, the US could collect as many tariff income in just four to five months as the entire previous year.
Treasury Secretary Scott Bessent Has said earlier that the Trump government could apply part of the tariff income to lower the national debt.
Bessent says that the tariff income can help in paying the $ 37.2 T debt of the nation
“I think we can do it at a point,” Bessent said during an interview of 19 August with CNBC, adding that he and President Trump were “laser -oriented at paying the debt.”
Secretary of Treasury Scott Bessent and President Donald Trump during the White House Digital Assets Summit in the dining room of the White House on March 7, 2025. (Anna Moneymaker / Getty images)
“I think we will lower the deficit to GDP, we will start to pay debts, and then at a point that can be used as an offset for the American people,” he said.
The fault of the nation is approaching $ 37.2 trillion From August 18, according to the Treasury Department.
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The stunning figure has intensified the long -standing debate in Washington for government spending, taxes and efforts to curb the balloon deficiency.
Bessent said he expected that this year’s estimate of this year’s tariff income will be revised above $ 300 billion. Although he did not offer a new prediction, he emphasized that the total would be “considerably” higher.
