US will receive USD 600 bn in tariffs: Trump

New York: President Donald Trump said on Monday that the US will be receiving more than USD 600 billion in tariffs, asserting that America is “far stronger” in national security and financially because of the levies it has imposed on countries around the world.

“We have taken in, and will soon be receiving, more than 600 Billion Dollars in Tariffs, but the Fake News Media refuses to talk about it because they hate and disrespect our Country, and want to interfere with the upcoming Tariff decision, one of the most important ever, of the United States Supreme Court,” Trump said in a post on Truth Social.

He said that the US is financially and from a national security standpoint “far stronger” and more respected than ever before because of tariffs.

During his second term in office, Trump implemented a wide range of tariffs on imports from various countries, claiming that the U.S. had been treated unfairly in trade deals and that other nations were imposing higher duties on American goods.

Among the measures, he introduced a 50 per cent tariff on imports from India, including a 25 per cent levy on its purchases of Russian oil.