 "'Most beautiful, favourite word': Trump hails tariffs, says they’re making America ‘rich again’")
US President Donald Trump, defending his so-called reciprocal tariffs that underpin his “America First” trade agenda, has once again praised tariffs as a tool for making America “rich again,” calling them his “favourite word.”
He said tariffs have helped restore American wealth after years of the US being “taken advantage of” by other countries.
“I love tariffs — the most beautiful word. We’re becoming rich as hell. We’ve taken in trillions of dollars, and when this is finished, there will never be wealth like what we have,” Trump said.
‘Other countries took advantage of us’: Trump claims record revenue from import duties
He added that the revenue from tariffs was unprecedented, “Other countries took advantage of us for years. Now we’re treating them fairly. The money coming in is something we’ve never seen. The other day they found thirty-one billion dollars — enough to buy a lot of battleships.”
India among hardest hit
Under his trade agenda, the Trump administration has imposed tariffs on multiple countries while negotiating limited trade deals with others.
India has been particularly affected, facing a 25 per cent reciprocal duty on its goods and an additional 25 per cent levy tied to its purchase of Russian oil — a combined 50 per cent rate, among the highest in the world.
Trump has repeatedly accused India of “fueling Russia’s deadly attacks on Ukraine” by buying discounted crude, though he has not imposed direct sanctions on Moscow.
Latest tariffs and future plans
The latest tariffs, announced in October 2025, include 100 per cent duties on branded pharmaceuticals, 50 per cent on kitchen cabinets and vanities, 30 per cent on upholstered furniture, and 25 per cent on heavy-duty trucks.
From mid-October, new duties will cover timber and lumber, with further increases on furniture and cabinetry in early 2026 for countries without trade deals. Trump has also proposed a 100 per cent tariff on foreign-made films, though no implementation date has been set.
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