• 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
‘I Appeal To Jesus Christ’: Hegseth Slams Pentagon Christian Prayer Service Critics

‘I Appeal To Jesus Christ’: Hegseth Slams Pentagon Christian Prayer Service Critics

May 22, 2025
SCOTUS Hands Trump Victory On Firing Democrat Appointees From Federal Boards

SCOTUS Hands Trump Victory On Firing Democrat Appointees From Federal Boards

May 22, 2025
Indictment Reveals Chilling Details Of Cold-Blooded Israeli Embassy Staff Murders

Indictment Reveals Chilling Details Of Cold-Blooded Israeli Embassy Staff Murders

May 22, 2025
Treasury Takes Steps Toward Phasing Out Production of the Penny

Treasury Takes Steps Toward Phasing Out Production of the Penny

May 22, 2025
What Changed Overnight? Key Revisions To The ‘Big Beautiful Bill’ Explained

What Changed Overnight? Key Revisions To The ‘Big Beautiful Bill’ Explained

May 22, 2025
Dem Hill Staffer To Compete On Reality Show Where ‘Kissing Butt’ Will Come In Handy

Dem Hill Staffer To Compete On Reality Show Where ‘Kissing Butt’ Will Come In Handy

May 22, 2025
Ex-Obama Aide Says He Soft-Pedaled Concerns About Biden Because He Wanted Him To ‘F*cking Win’

Ex-Obama Aide Says He Soft-Pedaled Concerns About Biden Because He Wanted Him To ‘F*cking Win’

May 22, 2025
Pro-Hamas Group Swears It Has ‘Nothing To Do’ With Former Member Accused Of Murdering Israeli Embassy Workers

Pro-Hamas Group Swears It Has ‘Nothing To Do’ With Former Member Accused Of Murdering Israeli Embassy Workers

May 22, 2025
Hill Staffer Will Be Contestant on Next Season of ‘Survivor’

Hill Staffer Will Be Contestant on Next Season of ‘Survivor’

May 22, 2025
Father of Murdered Israeli Embassy Staffer Says Daughter Was Working on Peace-Building

Father of Murdered Israeli Embassy Staffer Says Daughter Was Working on Peace-Building

May 22, 2025
University Accreditor Announces It Will Pause Leftist Racial Discrimination

University Accreditor Announces It Will Pause Leftist Racial Discrimination

May 22, 2025
DAVID BOSSIE: Two Things Dems Should Do If They Want To Stay Relevant

DAVID BOSSIE: Two Things Dems Should Do If They Want To Stay Relevant

May 22, 2025
  • Donald Trump
  • State of the Union
  • Elon Musk
  • Tariffs
  • Congress
  • Faith
  • Immigration
Friday, May 23, 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

Advertisements

Top Stories June 10th
Top Stories June 7th
Top Stories June 6th
Top Stories June 3rd
Top Stories May 30th
Top Stories May 29th
Top Stories May 24th
Top Stories May 23rd
Top Stories May 21st
Top Stories May 17th

Join Over 6M Subscribers

We’re organizing an online community to elevate trusted voices on all sides so that you can be fully informed.





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

Top Stories June 10th Top Stories June 7th Top Stories June 6th Top Stories June 3rd Top Stories May 30th Top Stories May 29th Top Stories May 24th Top Stories May 23rd Top Stories May 21st Top Stories May 17th