U.S. Treasury Secretary Becerra: Tariffs will bring in hundreds of billions of dollars in revenue each year.

Golden Finance reported that U.S. Treasury Secretary Basant stated that the permanent retention of tax provisions in the Republican bill will provide certainty. He is “very optimistic” about the deficit outlook. Tariffs are expected to generate hundreds of billions of dollars in revenue annually. It is anticipated that several major trade agreements can be reached in the next two to three weeks. He is not particularly concerned about market sentiments.