He added that the Trump administration will use "alternative legal authorities" to enforce tariffs on the countries, assuring that the tariff revenue will remain unchanged.
US President Donald Trump on Thursday said that the United States will receive around USD 600 billion in tariff revenue, adding that the amount is expected to be much higher next year.
After US President Donald Trump announced a new trade agreement with the United Kingdom, he hailed it as the first "fair, open, and reciprocal" deal of its kind, saying it will generate USD 6 billion in tariff revenue and create USD 5 billion in new export opportunities for American produ
Tariff revenues will help narrow the US budget deficit in 2025, but the hit to economic growth and additional tax cuts are likely to limit the size of any lasting fiscal benefit, Fitch Ratings said in a report.