Donald Trump has claimed his tariff plan will start to pay off soon as the "full benefit" of his policy has "not yet been calculated".
In a post to Truth Social, the president claimed there was a significant proportion of money made by tariffs placed on other countries that had not yet been added to the "hundreds of billions of dollars" already made.
Trump took to the social media app and wrote, "Despite the massive amount of money being made by the United States of America, Hundreds of Billions of Dollars, as a direct result of Tariffs being charged to other countries, the full benefit of the Tariffs has not yet been calculated in that many of the buyers of goods and products..."
Trump would go on to say that some countries had bulk ordered pre-tariff "in order to avoid paying the Tariffs in the short term, 'STOCK UP' by purchasing far more inventory than they can use in order to avoid Tariff payments in the short term."
"That heavy inventory purchase is now, however, wearing thin, and soon Tariffs will be paid on everything they apply to, without avoidance, and the amounts payable to the USA will SKYROCKET, over and above the already historic levels of dollars received. These payments will be RECORD SETTING, and put our Nation on a new and unprecedented course."
Trump announced his tariff-driven economic policy in February this year, with reports now indicating the project is set to deliver $1 trillion less than it had been projected to.
The Congressional Budget Office, per The Independent, reported the deficit would likely be cut by $3 trillion, short of what was expected by the administration.
Trump continued, "These payments will be RECORD SETTING, and put our Nation on a new and unprecedented course. We are already the “hottest” Country anywhere in the World, but this Tariff POWER will bring America National Security and Wealth the likes of which has never been seen before.
"Those opposing us are serving hostile foreign interests that are not aligned with the success, safety and prosperity of the USA. They couldn’t care less about us. I look so much forward to the United States Supreme Court’s decision on this urgent and time sensitive matter so that we can continue, in an uninterrupted manner to, MAKE AMERICA GREAT AGAIN! Thank you for your attention to this matter! President."
