The U.S. may collect $7 trillion in import tax revenue over the next decade.

US is expected to collect $7 trillion in import tax revenue over the next 10 years!

U.S. Commerce Secretary Rutenberg stated that the U.S. could collect approximately $7 trillion in tax revenue from imported goods within 10 years.

"The tax revenue is astonishing, $70 billion per year. The government has never received such funds before. If you obtain them over 10 years, you will get $7 trillion."

Rutenberg emphasized that the U.S. government does not plan to extend the August 1 deadline again, "Obviously, there is still a possibility to discuss trade agreements with the president after August 1. He is always ready to listen. The president certainly hopes to negotiate with major economies."

Original text: https://www.toutiao.com/article/1838833577069568/

Statement: This article represents the views of the author himself.