Trump Tariffs Hit Record Numbers as Trade Deadline Looms

As President Donald Trump nears his global trade deadline, tariff revenues have surged to a record-breaking $150 billion in 2025.

According to new Treasury Department data, the U.S. pulled in nearly $28 billion in customs duties in July alone — the highest monthly haul this year.

That number tops June’s previous record of $27 billion, signaling a sharp increase in tariff collections throughout the summer.

Back in January, tariff revenue stood at just $7.9 billion. By April, it had more than doubled to $16.3 billion.

The spike in revenue comes as Trump closes out a week of major trade wins, including fresh deals with Japan and the European Union.

On Sunday, Trump finalized an agreement with the EU — America’s largest trading partner — just days after shaking hands on a separate pact with Japan.

Treasury Secretary Scott Bessent has said tariffs could bring in over $300 billion in federal revenue this year alone.

While the Trump administration hails the numbers as a financial win, critics warn that U.S. companies — and eventually consumers — will foot the bill through higher prices.