The United States anticipates generating at least $50 billion monthly from tariffs as new higher levies on numerous imports take effect. This forecast represents a $20 billion increase from the previous month's revenue of $30 billion. Secretary Howard Lutnick emphasized the importance of additional tariffs on pharmaceuticals and semiconductors, which may rise significantly based on manufacturer commitments to domestic production. The initiative aims to attract substantial investment, potentially reaching $1 trillion, to reinforce local manufacturing operations and national security.
Commerce Secretary Howard Lutnick forecasts revenue increase with at least $50 billion monthly from tariffs, up from $30 billion last month. Higher levies in various sectors are expected.
Trump's new tariffs range from 10% to 50%, marking the highest average US import duty in a century. Sectoral tariffs on semiconductors and pharmaceuticals will soon follow.
Lutnick mentioned that exemptions from semiconductor tariffs could be achieved by companies committing to build US plants and having their plans overseen by an auditor.
The initiative to boost domestic semiconductor manufacturing may lead to an estimated $1 trillion in investment, aimed at enhancing US national security and industry capacity.
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