Commerce Secretary Howard Lutnick forecasts the revenue increase even as Trump announces higher pharma and semiconductor chip levies, which have yet to kick in.
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The United States expects to bring in at least $50bn a month from tariffs as higher levies on imports from dozens of countries begin to kick in.
US Commerce Secretary Howard Lutnick on Thursday outlined the forecasted revenue, an increase of $20bn from last month, when tariffs brought in $30bn.
“And then you’re going to get the semiconductors, you’re going to get pharmaceuticals, you’re going to get all sorts of additional tariff money coming in,” Lutnick said in an interview with Fox Business Network.
