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US President Donald Trump has said that his administration’s newly imposed import tariffs could generate more than one trillion dollars in annual revenue for the United States. In an interview with One America News, Trump stated that revenue collection from tariffs has already begun and is projected to reach the trillion-dollar mark in the coming years. According to him, these tariffs are not only a revenue measure but also a protective step to safeguard the American economy against unfair trade practices. He emphasized that the US is open to trading with all nations, provided fairness and equal rights are ensured in such partnerships. Trump reiterated the same stance during his speech at the 80th session of the United Nations General Assembly last month, highlighting that equitable trade is the foundation of his policy. The president believes that the tariffs placed on most countries around the world serve as a necessary shield to protect American industries and jobs.
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