Trump touts 'trillions' in tariff revenue, rebuts economist fears

President Donald Trump on Tuesday touted the abundance of revenue his tariffs had brought into the United States and asserted that had not contributed to inflation as he took aim at doubting economists.

"Trillions of Dollars are being taken in on Tariffs, which has been incredible for our Country, its Stock Market, its General Wealth, and just about everything else," Trump posted on Truth Social. "It has been proven, that even at this late stage, Tariffs have not caused Inflation, or any other problems for America, other than massive amounts of CASH pouring into our Treasury’s coffers."

Treasury Secretary Scott Bessent has opined that tariffs could begin to accumulate as much as $300 billion in annual revenue. The "trillions" reference could conceivably prove true should they remain in place over the long term.

"Also, it has been shown that, for the most part, Consumers aren’t even paying these Tariffs, it is mostly Companies and Governments, many of them Foreign, picking up the tabs," Trump added. "But David Solomon and Goldman Sachs refuse to give credit where credit is due. They made a bad prediction a long time ago on both the Market repercussion and the Tariffs themselves, and they were wrong, just like they are wrong about so much else. I think that David should go out and get himself a new Economist or, maybe, he ought to just focus on being a DJ, and not bother running a major Financial Institution."

Ben Whedon is the Chief Political Correspondent at Just the News. Follow him on X.