Treasury Secretary Scott Bessent just revealed that America is on track to take in over $100 billion this year alone — and that’s just with current tariffs.

By year’s end, with additional tariffs set to go into effect, Bessent estimates that the actual number could end up being somewhere around $300 billion.

In addition, over the next decade, the CBO predicts tariffs will rake in a whopping 2.8 trillion in revenue — though, Bessent says the Treasury does not agree with that figure.

In reality, he estimates it will be much higher!

Watch what Secretary Bessent had to report to President Trump during today’s cabinet meeting here for yourself:

ADVERTISEMENT

Full video via Rumble:

For those who prefer to read, here’s a transcript:

Bessent: Sir, we will have taken in about $100 billion in tariff income thus far this year, and that’s with the tariffs, the major tariffs, not having started till the second quarter. So, we could expect that could be well over $300 billion by the end of the year. We don’t agree with CBO scoring, but for those who do, the CBO scored tariff income over the next 10 years at 2.8 trillion, which we think is probably low. And sir, under your leadership, we’re witnessing—

Trump: And they gave us no credit during this last little the great Big Beautiful Bill. I always use the word great. I add that to it because it really is— there’s never been anything like it, actually. And I want to thank all the Republicans that voted for it. And I want to, you know, scold the Democrats because they’re voting for tax cuts, they’re voting for no tax on tips, no tax on Social Security, no tax on overtime, and, you know, many, many other things, far more important than that, great health care. And frankly, they, every Democrat should lose their election because it was purely political. They were told not to vote for it. So, think of it. We got 218 to two. And then with the Senate, we had 50 to three. Democrats didn’t vote at all. Not one positive vote with all of the good things in there: Economic development money, tremendous border money. Now you’re loaded up on the border, and I don’t think we’re going to need so much of it because we had zero come in last month. So I’m not sure how much of it we want to spend. You may think about that. You may actually think about saving a lot of money because the wall has been largely built, and it obviously worked. But you may want to think about that.

But so I think it’s incredible when I watch the Democrats and they have standard lines, like they had Russia, Russia, Russia. They had the laptop from hell, all came from Russia. You know, they make things up, and they go with it, and they feed it to you people, in many cases, and they said, here’s the line. And I hear the new line is death. Oh, it’s death. Everyone’s going to die. There’s nothing to do with death. In fact, we’re saving our country. Death is from allowing 25 million people into our country, of which three of four are stone cold, hard criminals, 11,888 are murderers, many of them committing more than one murder. That’s death, and the Democrats did that. Joe Biden did that by allowing people to come in here, just totally unchecked, unvetted, open borders, open borders.

The whole world was dumped into our country, from prisons, from gangs, from mental institutions. We have many people walking the streets, walking in areas that we don’t know anything about, that came out of insane asylums. They released their insane asylum, the insane asylum population, into our country, and it’s amazing the job that you and Tom Homan are doing, by the way, on that. But we have to get them out, and we have no choice. We have to get them out, and we are getting them out.

Higher tariffs are set to start on August 1st, and President Trump announced just today a 50% tariff on copper imports.

Per Reuters:

Trump has set a new August 1 deadline for higher “reciprocal” tariff rates set to kick in on nearly all trading partners, with room for negotiations with some countries in the next three weeks for deals to bring them lower.

“The big money will start coming in on August 1. I think it was made clear today by the letters that were sent out yesterday and today,” Trump said.

Trump also announced during the same cabinet meeting that he would impose a 50% tariff on copper imports, a metal used in everything from housing to consumer electronics, vehicles, the power grid and military hardware. He also said further tariffs were coming on semiconductors and pharmaceuticals.

ADVERTISEMENT

Despite what the left would tell you, tariffs work, and this is proof of that.

Keep bringing in the dough!

This is a Guest Post from our friends over at WLTReport. View the original article here.
 

Join The Conversation. Leave a Comment.