Published August 31, 2025 4:04pm EDT
Trump says US would be 'destroyed' without tariff cash
Tariff revenues have reached a cool $183.1 billion for the fiscal year
By Amanda Macias FOXBusiness
President Donald Trump wrote in a Truth Social post on Sunday that the country would be "completely destroyed" without the "trillions of dollars" of tariff revenue entering the U.S. economy.
The revelation came just days after a federal appeals court ruled that Trump had overstepped his authority by using emergency powers to impose new tariffs on imported goods.
The ruling dealt a blow to Trump’s trade policy, a key pillar of his economic agenda, which leans heavily on tariffs to raise revenue and exert pressure on foreign trading partners.
Attorney General Pam Bondi said the Justice Department will appeal the ruling to the Supreme Court. Meanwhile, the court allowed the tariffs to remain in effect until mid-October.
Trump has long touted tariffs as a key source of government revenue, and within months of his sweeping trade policies taking effect, billions of dollars had already flowed into federal coffers.
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https://www.foxbusiness.com/politics/trump-says-us-would-completely-destroyed-without-tariff-revenue
