Part 2/10:
One of the most notable developments has been the unexpected boost from tariffs implemented during the Trump administration. Experts project that the U.S. will collect a minimum of $150 billion in tariff revenue by year’s end, with some estimates reaching $300 billion. This influx of income equates to about 1% of the nation’s GDP—an economic boon that effectively reduces the federal deficit without increasing taxes on American families. The significant tariff revenue signals a hardening stance in trade negotiations, with President Trump emphasizing the urgency for other countries to strike deals before the August 1 deadline—non-negotiable and with no extensions.