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Trump claims his trade deals with major global partners are funneling “hundreds of billions” and even “trillions” into the US Treasury.
US President Trump hailed deals with the UK, China, EU and other nations, asserting they are delivering massive financial gains for the US. (IMAGE: REUTERS)
US President Donald Trump on Tuesday highlighted what he called “historic” trade deals with key global partners, claiming they are funneling substantial revenue into the US Treasury. Speaking to reporters, Trump said, “We have secured historic trade deals with the United Kingdom, China, Indonesia, Vietnam, Philippines, Japan, South Korea and the European Union. Foreign nations are now paying hundreds of billions of dollars straight into our treasury… We are receiving trillions of dollars, far beyond billions.”
The remarks come a day before the United States is set to impose an additional 25 per cent tariff on Indian products from August 27, impacting more than USD 48 billion worth of exports. The total levy on Indian goods entering the US market will rise to 50 per cent, following an earlier 25 per cent tariff imposed on August 7 as a penalty for New Delhi’s continued purchase of Russian crude oil and military equipment.
According to the US Department of Homeland Security, in a draft order published on Monday, the increased duties will apply to Indian products “entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 am eastern daylight time on August 27, 2025.”
Earlier in the day, Trump posted a message on Truth Social, the platform he owns, warning that “substantial” tariffs and export restrictions would be imposed on nations that fail to “show respect” to US technology companies. He claimed that digital taxes, services legislation, and market regulations are designed to harm American tech, while giving China’s largest tech firms a free pass.
.@POTUS on his HISTORIC trade deals: “We secured new market access for American agricultural exports all over the world… Foreign nations are now paying hundreds of billions of dollars straight into our Treasury.” pic.twitter.com/lQnR5cnW5Y
— Rapid Response 47 (@RapidResponse47) August 26, 2025
In his post, Trump wrote, “I will stand up to Countries that attack our incredible American Tech Companies. Digital Taxes, Digital Services Legislation, and Digital Markets Regulations are all designed to harm or discriminate against American Technology. They also outrageously give a complete pass to China’s largest Tech Companies. This must end, and end NOW! With this TRUTH, I put all Countries with Digital Taxes, Legislation, Rules, or Regulations on notice that unless these discriminatory actions are removed, I will impose substantial additional Tariffs on that Country’s Exports to the USA, and institute Export restrictions on our Highly Protected Technology and Chips. America, and American Technology Companies, are neither the ‘piggy bank’ nor the ‘doormat’ of the World any longer. Show respect to America and our amazing Tech Companies, or consider the consequences!”
While Trump did not name any countries, his remarks were widely interpreted as a critique of the European Union’s Digital Markets Act and Digital Services Act, according to a report by EuroNews.
Shankhyaneel Sarkar is a senior subeditor at News18. He covers international affairs, where he focuses on breaking news to in-depth analyses. He has over five years of experience during which he has covered sev…Read More
Shankhyaneel Sarkar is a senior subeditor at News18. He covers international affairs, where he focuses on breaking news to in-depth analyses. He has over five years of experience during which he has covered sev… Read More
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