AP Photo/Mark Schiefelbein
President Donald Trump insisted that the U.S. is on the cusp of a “record-setting” surge in tariff revenue, claiming the “full benefit” of his trade policy has yet to be reflected in official figures.
In a lengthy post on Truth Social late Sunday, the president argued that global buyers who had rushed to “STOCK UP” on goods “in order to avoid paying the Tariffs in the short term,” but added that such stockpiling was “wearing thin”:
The post comes days after the Congressional Budget Office sharply cut its estimate of the long-term fiscal gains from Trump’s tariff increases, stripping roughly $1 trillion from earlier projections.
The agency now
Overall deficit reduction was once touted as a centrepiece of the policy.
Nevertheless, Trump maintained that his tariff push will bring “National Security and Wealth the likes of which has never been seen before,” and warned that critics were “serving hostile foreign interests.”
He said he was awaiting a forthcoming Supreme Court ruling that he argued would allow the plan to continue “in an uninterrupted manner.”