Trump: The US Will Use Tariff Revenues to Pay Off the Massive National Debt
US President Donald Trump recently stated that the US will gradually repay the "massive" national debt through the imposition of tariffs, and criticized those opposing the tariff policy.
He posted on the Truth Social platform, saying, "People who oppose tariffs are simply foolish! We have now become the richest and most respected country in the world, with near-zero inflation, and the stock market is setting new historical highs... We are generating tens of billions of dollars in revenue, and we are about to start repaying the $37 trillion massive debt. Factories across the country are thriving, and investment volumes are setting record highs."
The US Court of Appeals ruled at the end of August that the International Emergency Economic Powers Act (IEEPA) enacted in 1977 did not grant the president the authority to impose import tariffs. The Supreme Court will ultimately decide whether Trump has the right to implement tariff policies involving dozens of countries under this law.
US Treasury Secretary Scott Bessent said on Thursday that the Supreme Court's hearing on this matter left a deep impression on him.
Original: www.toutiao.com/article/1848332501253130/
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