• Latest
  • Trending
  • All
  • News
  • Business
  • Lifestyle
$15 Billion And Climbing: Trump’s Tariffs Deliver Record High Revenue

$15 Billion And Climbing: Trump’s Tariffs Deliver Record High Revenue

April 25, 2025
Trump Ready to Issue New Tariffs After 90-Day Pause

Trump Ready to Issue New Tariffs After 90-Day Pause

May 16, 2025
Trump Responds to Former FBI Director’s Alleged ‘Hit’ Post

Trump Responds to Former FBI Director’s Alleged ‘Hit’ Post

May 16, 2025
Former FBI Director James Comey’s ’86 47′ Post Condemned By White House

Former FBI Director James Comey’s ’86 47′ Post Condemned By White House

May 16, 2025
DEBBIE WUTHNOW: DOGE Is No Historical Anomaly

DEBBIE WUTHNOW: DOGE Is No Historical Anomaly

May 16, 2025
Lawyers Confront Cassie Ventura Over Past Texts in Sean ‘Diddy’ Combs Sex Trial

Lawyers Confront Cassie Ventura Over Past Texts in Sean ‘Diddy’ Combs Sex Trial

May 15, 2025
FBI Warns Hackers Using AI Generated Voices to Impersonate US Officials

FBI Warns Hackers Using AI Generated Voices to Impersonate US Officials

May 15, 2025
HHS to Stop Recommending COVID Shots for Children and Pregnant Women: Report

HHS to Stop Recommending COVID Shots for Children and Pregnant Women: Report

May 15, 2025
Tiffany Trump Welcomes Son, President’s 11th Grandchild

Tiffany Trump Welcomes Son, President’s 11th Grandchild

May 15, 2025
James Comey Deletes ‘8647’ Post After Online Backlash Sparks Calls For Investigation

James Comey Deletes ‘8647’ Post After Online Backlash Sparks Calls For Investigation

May 15, 2025
House GOP Eyes New Medicaid Reforms In ‘One Big, Beautiful Bill’ To Stave Off Conservative Revolt

House GOP Eyes New Medicaid Reforms In ‘One Big, Beautiful Bill’ To Stave Off Conservative Revolt

May 15, 2025
JD Vance Takes Jab At ‘Far-Left Prosecutors,’ ‘Weak-Willed’ Politicians At National Police Memorial Event

JD Vance Takes Jab At ‘Far-Left Prosecutors,’ ‘Weak-Willed’ Politicians At National Police Memorial Event

May 15, 2025
Green Energy Think Tank Reportedly Cuts Staff After DOE Grant Cancellations

Green Energy Think Tank Reportedly Cuts Staff After DOE Grant Cancellations

May 15, 2025
  • Donald Trump
  • State of the Union
  • Elon Musk
  • Tariffs
  • Congress
  • Faith
  • Immigration
Friday, May 16, 2025
  • Login
IJR
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls
No Result
View All Result
IJR
No Result
View All Result
Home News

$15 Billion And Climbing: Trump’s Tariffs Deliver Record High Revenue

by Daily Caller News Foundation
April 25, 2025 at 5:31 pm
in News, Wire
247 5
0
$15 Billion And Climbing: Trump’s Tariffs Deliver Record High Revenue
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Daily Caller News Foundation

U.S. Customs duty collections soared more than 60% in April, marking the highest monthly revenue haul in terms of dollars in American history.

According to newly released Treasury Department data reviewed by Bloomberg, at least $15.4 billion in customs duties and related excise taxes flowed into federal coffers last month, $6 billion more than the month before. This spike in revenue coincides with the first wave of President Donald Trump’s newly implemented tariffs taking effect. Those include a renewed 25% tariff on steel and the “universal” 10% tariff Trump announced on April 2.

Daily collections — payments made at the time goods enter the country — rose nearly 40% in April compared to March.

While the April numbers reflect the 25% increase, it does not account for most of the 10% universal tariffs. May’s total could climb even higher as the full scope of the tariffs kicks in, Bloomberg reports.

Trump has long championed tariffs as a key component of his “America First” economic strategy not only as a way to protect American manufacturers from cheap foreign imports, but to generate revenue.

Critics in D.C. flatly rejected the idea of tariffs as a legitimate trade strategy, but before the income tax was introduced in 1913, tariffs were the primary way America funded its government.

Trump has said repeatedly that one of his goals is to reduce reliance on income taxes — and tariff revenue is part of how he plans to do it.

”There is a chance that the money from tariffs could be so great that it would replace (the income tax). You know, in the old days, about 1870 to 1913, the tariffs were the only form of money. And that’s when our nation was relatively the richest. We were the richest,” President Trump told Fox News.

However, $15 billion is a relatively small sum compared with the entirety of the bill the country owes. The national debt is currently more than $36 trillion. During the first half of the fiscal year, Washington racked up a $1.31 trillion deficit.

Economists who have doubted Trump’s trade strategy from the beginning are still not convinced. “If you get to $100 billion to $200 billion, you’ll be pretty lucky,” Mark Zandi, chief economist at Moody’s, told CNBC earlier this month.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Tags: DCNFpoliticsU.S. News
Share196Tweet123
Daily Caller News Foundation

Daily Caller News Foundation

IJR

    Copyright © 2024 IJR

Trusted Voices On All Sides

  • About Us
  • GDPR Privacy Policy
  • Terms of Service
  • Editorial Standards & Corrections Policy
  • Subscribe to IJR

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls

    Copyright © 2024 IJR