The U.S. Secretary of the Treasury expects major trade agreements in the coming weeks, citing strong tariff revenues
AI Summary
Treasury Secretary Benson signals optimism regarding trade and the budget deficit
According to TechFlow, U.S. Treasury Secretary Benson stated on May 23 that the U.S. is on the right track to finalize several major trade agreements over the next few weeks, indicating a more active and revenue-focused trade policy.
Benson also noted that the current tariff policy has become a significant source of federal revenue, predicting hundreds of billions of dollars in annual tariff revenue in the future. He described the budget outlook as "increasingly optimistic," especially regarding efforts to reduce the deficit.
