Washington: The United States could receive up to 300 billion dollars in pricing income by the end of this year, said Scott Bessent, secretary of the treasury.
He told a meeting of the White House cabinet that most of the money came from the new import rights of President Donald Trump, who began to take effect in the second quarter.
So far, the government has brought in about $ 100 billion, but Bessent thinks that the collections will increase sharply in the coming months.
“So we can expect this to exceed $ 300 billion by the end of the year,” said Bessent.
A Treasury spokesman said that the 300 billion dollars target corresponded to the end of December 31 of the 2025 calendar, not at the end of the government’s exercise on September 30.
Reaching $ 300 billion in pricing collections this year would imply an exponential increase in collections in the coming months and high and wide price increases compared to current levels.
Bessent added that the Congressional Budget Office estimated that the tariff income will total approximately 2.8 billions of dollars over 10 years, “which, in our view, is probably low”.
The Treasury declared a record for gross customs duties of $ 22.8 billion in May, an increase of almost four times compared to the total of $ 6.2 billion a year earlier.
This brought customs duties collections during the first eight months of the year 2025 to 86.1 billion dollars. The collections for the first five months of the 2025 calendar totaled $ 63.4 billion.
Friday, the Treasury should declare the budgetary results of June, which should show another substantial increase in the tariff collections. As of June 30, the collections combined on customs and excise taxes exceeded 122 billion dollars for the exercise to date, according to the statement of the accounts of the daily treasury.
Trump has established a new deadline for August 1 for higher `reciprocal” rate rates, which take place on almost all business partners, with room for negotiations with certain countries in the next three weeks for transactions to reduce them.
“The big money will start to come on August 1. I think it was specified today by the letters which were sent yesterday and today,” said Trump.
Trump also announced at the same meeting of the firm that he would impose a 50% rate on copper imports, a metal used in everything, from housing to consumer electronics, vehicles, electrical and military equipment. He also said that new prices arrived on semiconductors and pharmaceutical products.
