U.S. Tariff Revenue Expected to Significantly Impact GDP

According to PANews, U.S. Treasury Secretary Besent has announced that the revenue from tariffs is substantial, potentially accounting for 1% of the GDP. The annual tariff revenue is projected to reach $300 billion, with a possibility of accumulating $2.8 trillion over the next decade. By the first quarter of 2026, the GDP growth rate is expected to reach 3% or higher.