Besant: Tariff revenue will exceed the early-year forecast and will be used to repay federal debt.

[Becerra: Tariff revenue will exceed early year forecasts and will be used to pay off federal debt] U.S. Treasury Secretary Becerra stated that he expects this year's tariff revenue to be significantly higher than the initial forecast of $300 billion and that these funds will be used to begin repaying the massive U.S. federal debt. In an interview with CNBC, Becerra declined to provide a new specific revenue forecast but stated that he and Trump are "fully focused" on reducing the debt. He said, "I have previously said that this year's tariff revenue could be $300 billion, but I now have to significantly raise this expectation."

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