US moves to cut off a Swiss bank over alleged Iran and Russia money flows
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US Sanctions Indian Firm For Aiding Iran’s Missile Program | 1Tak The US imposes new US Sanctions on India’s Farmlane Pvt Ltd and global firms accused of supporting Iran’s missile and drone development.

US Imposes New Sanctions on Companies from India and Six Other Nations, Accused of Aiding Iran

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#IranMissileProgram #DroneTechnology
#FarmlanePrivateLimited
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#InternationalTrade #BallisticMissiles #DefenseExport

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US could collect $300 billion in tariff revenue this year, Treasury chief says WASHINGTON (Reuters) -Treasury Secretary Scott Bessent on Tuesday said the U.S. has taken in about $100 billion in tariff income so far this year, and this could grow to $300 billion by the end of 2025 as collections accelerate from President Donald Trump’s trade campaign. Bessent, speaking to a White House cabinet meeting, said the major collections from Trump’s new tariffs only started during the second quarter, when Trump implemented a near universal 10% duty on U.S. imports and boosted duties on steel, aluminum and autos. "So we could expect that that could be well over $300 billion by the end of the year," Bessent said. A Treasury spokesperson said the $300 billion target corresponds to the December 31 end of calendar 2025, not the end of the government’s fiscal year on September 30. Reaching $300 billion in tariff collections this year would imply an exponential increase in collections in coming months and steep and broad tariff increases from current levels. Bessent added that the Congressional Budget Office has estimated tariff income will total about $2.8 trillion over 10 years, "which we think is probably low." The Treasury reported record gross customs duties of $22.8 billion in May, a nearly fourfold increase from the $6.2 billion total a year earlier. That brought customs duty collections for the first eight months of fiscal 2025 to $86.1 billion. Collections for the first five months of calendar 2025 totaled $63.4 billion. The Treasury is due to report June budget results on Friday, which are expected to show another substantial increase in tariff collections. As of June 30, combined customs and excise tax collections topped $122 billion for the fiscal year to date, according to the Daily Treasury Statement of accounts. Trump has set a new August 1 deadline for higher "reciprocal" tariff rates set to kick in on nearly all trading partners, with room for negotiations with some countries in the next three weeks for deals to bring them lower. Trump also announced during the same cabinet meeting that he would impose a 50% tariff on copper imports, a metal used in everything from housing to consumer electronics, vehicles, the power grid and military hardware. He also said further tariffs were coming on semiconductors and pharmaceuticals.

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#Americans voted for a soon-to-be dementia patient, propped up by unbending force of greed in oligarchs.
Their intent is to ransack #USATreasury whilst eliminating their obligation to pay tax. NOONE is coming to help you, #USA. 70m of you didn’t even vote. #DemocracyRIP #USAFailedState #Corruption

Read the Constitution. Don't touch the Treasury you stinking technocratic boy men! #usatreasury #usaconstituition #facistthieves #muskmustgo #muskfail