Source: New York Post
WASHINGTON — President Trump’s handling of the economy has succeeded in bringing some of the biggest increases in a decade or more to tariffs revenue, blue-collar wages and capital investments, a senior Treasury official told The Post. Those “ABCs” — described as “America First” trade, a “Blue-Collar Boom” and a “Capital Expenditures Comeback” — are also rebutting Trump critics who claimed the president’s tax-and-tariff agenda would upend the global economy, said Joe Lavorgna, who serves as counselor to Treasury Secretary Scott Bessent. As the US agreed to another trade deal with Japan this month, Lavorgna pointed to Treasury revenue from tariffs topping $200 billion in fiscal year 2025 — a record — and approaching “more than $300 billion” by the end of the calendar year.
