U.S. Tariff Revenue Could Reach $300 Billion This Year, Says Bessent

U.S. Customs Revenue Tops $100 Billion for First Time Amid Tariff Surge

US revenue from customs duties this fiscal year surpassed $100 billion for the first time, reflecting higher tariffs imposed by the Trump administration.

Tesla vandalism at Maryland school recorded by built-in cameras

With government red ink swelling throughout the year, June saw a surplus of just over $27 billion, following a $316 billion deficit in May. Customs duties totaled about $27 billion for the month, up from $23 billion in May and a 301% gain from June 2024. The U.S. government posted a surplus in June as tariff receipts gave an extra bump to a sharp increase in receipts, the Treasury Department said Friday. With government red ink swelling througho…

US tariff revenues surge as protectionist policies drive import reshuffling

Under President Donald Trump's trade policies, US tariff revenue has soared, driven by sweeping duties on steel, aluminum, autos, and goods from China. A recent spike in dutiable import values and effective tax rates underscores the growing impact of protectionism on global supply chains and domestic price pressures.

US households face bigger income loss than Trump’s $300 billion tariff revenue

Of the 22 countries on whom the US has levied tariffs so far, eight enjoyed a goods trade surplus of less than $1 billion in 2024.

PBOC Adviser Urges $209 Billion Stimulus to Counter US Tariffs

China should add as much as 1.5 trillion yuan ($209 billion) in fresh stimulus to boost consumer spending and maintain currency flexibility to counter US tariffs’ drag on growth, academics including an adviser to the country’s central bank said.

US Could Collect $300 Billion in Tariff Revenue This Year, Treasury Chief Says