Trump Says Tariffs Bring Billions Into US

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US President Donald Trump has claimed that his latest round of tariffs is now generating billions of dollars in revenue for the United States, following their implementation at midnight.

The tariffs, which target a range of imported goods from countries including India, China, and Vietnam, are part of Trump’s renewed push to reduce the trade deficit and bring manufacturing jobs back to the US. The levies affect key sectors such as steel, aluminium, and electronics, and are aimed at countries accused of undercutting American producers through cheaper exports.

Trump has argued that the tariffs are a tool to pressure foreign governments into fairer trade deals. Critics, however, have warned that higher import costs may be passed on to American consumers and could disrupt global supply chains.

This latest wave of tariffs, described by Trump as “strategic and necessary,” is being closely watched by US manufacturers and international trading partners. The full economic impact remains to be seen, with some economists warning of possible price rises and trade friction.

Indian and Chinese officials have not yet issued formal responses to the measures, though early reports suggest businesses in affected sectors are reviewing their export strategies. Some US-based companies with overseas supply links have also raised concerns about production costs.

While the tariffs are likely to draw criticism from some trading partners, Trump insists they are necessary to protect American industries and level the playing field.