Aug 12, 2025

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'America will earn millions of dollars, pay off debt': Trump's big announcement on revenue from tariffs


Donald Trump: US President Donald Trump on Monday (August 3, 2025) defended the reciprocal tariffs imposed on several countries, including India, saying that this step was to be taken many years ago. With the earnings from these tariffs, we will pay off america's debt. 

Speaking to the media, Trump said, "We are going to pay the loan, we are getting a lot of income. More than the total earnings in the country so far. One of the objectives behind what we are doing is to reduce debt.


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