Trump: The US generated $2 billion a day in revenue from tariffs.
On January 20, Donald Trump took office as president after taking an oath and recently announced comprehensive tariffs on countries.
U.S. President Donald Trump announced on Tuesday at the White House that the daily revenue from U.S. tariffs amounts to $2 billion (approximately 76.03 billion TL). He did not share any details. According to a previous statement from the Treasury Department regarding deposits and withdrawals in the federal government's main account since the beginning of this month, the daily average revenue from "Customs and Some Special Consumption Taxes" was around $200 million (approximately 7.6 billion TL). According to a report for February, which processed all data, it was stated that $7.25 billion (approximately 275.63 billion TL) was generated from customs duties. The March report is expected to be published on Thursday.
Donald Trump, who took office as president on January 20, recently announced comprehensive tariffs on countries. U.S. President Donald Trump confirmed that there are no plans to suspend global tariffs despite ongoing turmoil in global stock markets. In response to a reporter's question in the Oval Office about whether he is open to a pause in tariffs to allow for negotiations, Trump said, "We are not looking at that. Many countries are coming to make deals with us, and these will be fair deals, and in some cases, they will pay significant tariffs."
Trump's comments came after a day of significant fluctuations in U.S. stock markets following the president's threat to further increase tariffs, despite Wall Street's desire for a completely opposite approach. The S&P 500 ended the day down 0.2% after a series of dramatic reversals as investors tried to decipher Trump's ultimate goals in the trade war. The Dow Jones Industrial Average fell by 349 points or 0.9%, while the Nasdaq composite index gained 0.1%. All three indices started the day with a sharp decline, with the Dow dropping as low as 1,700 points following even steeper losses abroad. However, unexpectedly, it rebounded late in the morning with a gain of about 900 points. The S&P 500 also staged one of its biggest rallies in recent years, rising from a 4.7% loss to a 3.4% gain.