It did not affect the American economy .. Trump boasts of customs duties



US President Donald Trump, in a post on the “Truth Social” platform, said that the customs duties imposed on many commercial partners brought trillion dollars to the US Treasury, stressing that these fees helped to strengthen the military and economic power of the United States. He added: “Were it not for customs duties, and all the trillion dollars that we have already acquired, our country would have destroyed completely, and our military strength was immediately wiped.”
Data of the Treasury showed that the United States raised $ 142 billion of customs duties during the current fiscal year ending in September 2025, while these fees began in April 2025, achieving about $ 96 billion in revenues, with a significant increase in July to 28 billion dollars, an increase of 273% compared to the previous year. US Treasury Secretary Scott Bessent will reach the annual revenues of these fees to about 300 billion dollars In 2026, with tax institutions expectations to raise $ 2.5 trillion over the next decade. However, experts indicate that American consumers ultimately bear the cost of these fees through high commodity prices. These data show how Trump has turned customs duties into a huge financial tool to enhance state revenues, despite the controversy over its impact on inflation and consumers.

The post It did not affect the American economy .. Trump boasts of customs duties appeared first on 961 tobay Lebanon today.