Treasury Secretary’s Bold Revenue Forecast Amid Tariff Policies
During a cabinet meeting on Tuesday, Treasury Secretary Scott Bessent provided a striking update on the revenue generated from President Trump’s tariffs, indicating that the United States is on track to collect at least $100 billion by the end of 2025. Bessent went further, suggesting that this figure could potentially triple.
As reported by , the President is imposing an additional 10% tariff on “Any Country aligning themselves with the Anti-American policies of BRICS,” a growing coalition that includes Brazil, Russia, India, China, and South Africa. Letters have been dispatched to various nations outlining these new tariffs, which are set to kick in on August 1.
Bessent explained that these “major tariffs,” which were initiated in the second quarter of this year, combined with the BRICS tariffs and others, could elevate the total tariff revenue to “well over $300 billion by the year’s end.” Even the Congressional Budget Office (CBO), often deemed far-left by critics, backs these estimates, projecting that tariff changes could reduce federal deficits by $2.8 trillion between 2025 and 2035 in their report on the “Budgetary and Economic Effects of Increases in Tariffs Implemented Between January 6 and May 13, 2025.”
Trump’s Response: A Mix of Defiance and Compromise
In reaction to these revelations, President Trump seized the opportunity to criticize the Democratic Party while promoting his One Big Beautiful Bill, which promises substantial tax cuts for the working class alongside significant funding for border security and deportations.
In his vigorous denunciation of the Democrats, he dismissed their claims that the bill would lead to dire consequences for citizens, asserting that “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.” Citing alarming statistics, he emphasized the need to remove these individuals, stating, “we have no choice. We have to get them out, and we are getting them out.”
Yet, in a surprising twist, the President later indicated a willingness to consider not deporting every illegal immigrant. As highlighted by , Trump, along with Agriculture Secretary Brooke Rollins and Labor Secretary Lori Chavez-DeRemer, mentioned that the administration is aiming to “streamline” the legal status for undocumented workers in agriculture, while firmly denying any intent to offer amnesty.
“There’s no amnesty,” Trump clarified. “What we’re doing is we’re getting rid of criminals, but we are doing a work program.”
(VIDEO) President Trump Says “No Amnesty” but “Work Program” for Illegal Aliens on Farms? – Labor Secretary Calls it a “Concierge Approach” for “Streamlining” Illegal Aliens Through Work Visa Programs
WATCH:
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 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.
