Becent: Tariff Revenues Will Exceed Early-Year Projections and Be Used to Repay Federal Debt
According to a report by Jinse Finance, U.S. Treasury Secretary Bessent stated that he expects tariff revenues this year to significantly exceed the initial forecast of $300 billion, and noted that these funds will be used to begin repaying the massive U.S. federal debt. In an interview with CNBC, Bessent declined to provide a new specific revenue estimate but said that he and Trump are "fully focused" on reducing the debt. He stated, "I previously said that tariff revenues this year might be $300 billion, but now I have to significantly raise that expectation."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Decentralized RWA infrastructure project Infinite Galaxy Protocol officially launches Genesis Node sale
HyperLiquid co-founder: No external fundraising has been conducted, so there are no investor HYPE token unlocks
Santiment: Stablecoin yields decline, Ethereum may soon return to the $3,200 level
Data: Ethereum staking rate reaches 28.65%, Lido market share at 24.12%
