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Treasury Secretary Scott Bessent downplayed claims on Sunday that tariffs were harming American businesses and consumers, arguing that any short-term costs were outweighed by long-term benefits to U.S. competitiveness.Bessent argued that President Donald Trump's economic agenda has only been in effect for "a couple of months" and that the tariff policies need more time to play out. He added that the sweeping measures will strengthen domestic manufacturing and create new construction […]

The U.S. government collected $31.4 billion in tariff revenues in August, the largest monthly haul so far in 2025, underscoring the continued impact of trade duties on the economy.Total tariff revenue for 2025 has reached more than $183.6 billion, according to the latest "Customs and Certain Excise Taxes" figures released on Aug. 29 by the Treasury Department. TRUMP SAYS US WOULD BE 'DESTROYED' WITHOUT TARIFF REVENUETariff revenues rose steadily from $17.4 […]