US tariff haul: $100 billion already collected this year; treasury secretary Scott expects $300 billion by December

US tariff haul: $100 billion already collected this year; treasury secretary Scott expects $300 billion by December

IndiaTimes

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Treasury Secretary Scott Bessent announced the U.S. has collected $100 billion in tariffs this year, potentially tripling by December. President Trump declared tariffs will be enforced starting August 1, 2025, with no extensions, impacting numerous countries with duties ranging from 25% to 40%.

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