BySiladitya Ray,
Forbes Staff.
President Donald Trump said the U.S.’s tariff income is about to see a sharp uptick, claiming that the inventories of foreign goods stockpiled by buyers looking to avoid his sweeping tariffs are running thin, and they will soon need to pay tariffs on all imports going forward, as the fate of the levies hangs in the balance before the Supreme Court.
In a post on his Truth Social platform early on Monday, Trump said the U.S. has taken in “Hundreds of Billions of Dollars” in tariff income, but the “full benefit of the Tariffs” has not yet become apparent.
The president blamed this on buyers of foreign goods who stocked up “by purchasing far more inventory than they can use in order to avoid Tariff payments in the short term.”
