Korean media: Growth of 95 billion dollars, the United States' cumulative tariff revenue has reached 165 billion dollars this year!

On October 10, Korean media "Today Digital" published an article stating that the U.S. Treasury said that due to tariffs imposed by President Donald Trump, 30 billion dollars in revenue was generated in August alone.

This year's cumulative tariff revenue has reached 165 billion dollars, an increase of 95 billion dollars compared to the same period last year. However, recent court rulings have raised uncertainty about whether this income can continue to grow.

The U.S. Federal Appeals Court recently ruled that President Trump's imposition of tariffs under the International Emergency Economic Powers Act exceeded his authority. The White House has filed an appeal, and the Supreme Court is accelerating the review of the case, with the final ruling expected in November.

U.S. Treasury Secretary Scott Bessenet warned that if the U.S. loses the case, it may be forced to refund most of the tariffs. However, even if the court finds that President Trump abused his power, the tariffs themselves are unlikely to be completely canceled.

Jeff Buchbinder, a senior analyst at LPL Financial, analyzed, "The White House can maintain the tariffs through other legal channels. It is currently unclear whether they will refund the tariffs already collected." The disputed tariffs include "reciprocal" tariffs with Canada, China, and Mexico, as well as tariffs related to fentanyl. Tariffs on specific industries such as cars, steel, and copper are maintained based on separate legal grounds.

Meanwhile, the U.S. Department of Labor announced that the Consumer Price Index (CPI) increased by 0.4% month-on-month in August, mainly due to rising housing and food prices. Food prices rose by 0.5%. Fruits and vegetables rose by 1.6%, with tomatoes up 4.5%. Beef prices rose by 2.7% month-on-month, and by 13.9% year-on-year. Coffee prices also rose by 3.6%. Experts believe that the price increases are not only due to tariffs but also due to supply shortages caused by past droughts.

Original: www.toutiao.com/article/1845594822152196/

Statement: This article represents the views of the author.