Trump’s Tariff Revenues Are Hitting Record Highs in 2025

Tariff revenues have soared to a record-breaking $113 billion during the current fiscal year — the highest ever recorded — as President Donald Trump continues ramping up trade duties on major global economies.

According to the Treasury Department’s latest “Customs and Certain Excise Taxes” data, the U.S. collected over $27 billion in customs duties in June alone. That marks the single highest monthly total this year and a stunning 301% increase compared to June of last year.

Tariff collections have been rising steadily throughout the year. In January, the government brought in about $7.9 billion. By April, that number had already more than doubled to $16.3 billion. July appears poised to continue the trend, with more tariff revenue rolling in.

Much of that increase is fueled by Trump’s aggressive trade agenda. So far this month, he’s announced new 30% tariffs on imports from Mexico and all 27 countries in the European Union.

Additional measures include a 50% levy on copper imports and related products from Brazil, as well as a 35% tariff on goods coming in from Canada. All of these duties are scheduled to take effect on August 1.

These new tariffs add to a long list — now covering more than 20 countries — of nations facing stiff trade penalties from the U.S.

Treasury Secretary Scott Bessent and White House trade advisor Peter Navarro have both said the administration expects these tariffs to generate upwards of $300 billion in federal revenue.

While the administration hails this as a major economic win, critics note that U.S. businesses are the ones paying these import taxes — not foreign governments. Those costs often ripple down the supply chain.

Ultimately, that economic burden could be passed on to American consumers through increased prices on everything from cars and electronics to food and household goods.

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