U.S. Tariff Revenue Hits Historic Highs Under Trump’s “America First” Trade Strategy

U.S. Tariff Revenue Hits Historic Highs Under Trump’s “America First” Trade Strategy Unprecedented Fiscal Windfall The United States has smashed all past records for customs‑duty collections in 2025. Tariff revenue reached $87 billion in the first half of the year—surpassing the entire total for all of 2024 ($79 billion) . In July alone, the Treasury hauled in nearly $28 billion, setting a single‑month record and topping June’s $27 billion haul. Through approximately three quarters of fiscal 2025, cumulative tariff revenues have already exceeded $108 billion, making customs duties the fourth‑largest revenue source for the federal government—up from just 2% historically to nearly 5% of total receipts. Scale and Strategy These results stem from President Trump’s aggressive expansion of tariff policy. Beginning with his “Liberation Day” tariffs announced April 2, 2025, a baseline 10% tariff was imposed on nearly all imports, with higher rates—up to 50%—applied to tar...