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Trump's imposition of tariffs on countries around the world may be causing losses but America's treasury is filling up. Trump himself has given this information. US President Donald Trump said on Tuesday that America is earning two billion dollars per day from tariffs.
Details given at an event in the White House
He made the remarks during an event at the White House, without giving details. Trump has imposed several tariffs on other countries since taking office in January.
According to Reuters, Trump said the Treasury Department's daily statement of deposits and withdrawals into its general account, the federal government's main operating account, showed that customs and certain excise tax deposits have averaged about $200 million a day so far this month. The monthly budget statement for March will be released on Thursday, showing the latest monthly figures.
America will soon announce tariffs on drug imports: Trump
President Donald Trump said on Tuesday that the US will soon announce major tariffs on drug imports. Speaking at an event of the National Republican Congressional Committee, Trump said the tariffs would encourage pharmaceutical companies to move their operations to the US.
America imposed 104 percent tariff on Dragon
Relations between America and China are getting more sour. America has announced a 104 percent tariff on China today (April 8). The new increased tariff on China will come into effect from tomorrow i.e. April 9.
Let us tell you that Beijing hit back on Tuesday after US President Donald Trump threatened to impose an additional 50 percent tariff on China. It promised that it will counter this blackmail of America and take it to its logical conclusion.
Trump imposed tariffs on 180 countries including China
Let us tell you that America has imposed reciprocal tariff on 180 countries including China. Along with this, America had threatened that if China does not remove the tariff imposed on America by April 8, then it will impose an extra 50 percent tariff.
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