The other morning I read an interesting update on “Trump’s tariffs.”
From yahoo/finance:
President Trump’s tariffs are pouring billions more into US coffers in June, putting the revenue supplied by importers on pace for another monthly record.
The latest measure of government receipts for “Customs and Certain Excise Taxes” stood at more than $26.7 billion for the month of June, according to the Treasury Department’s latest daily statement dated June 24.
June’s total so far has already topped May’s total haul of about $22 billion — not to mention April and March totals of $17.4 billion and $9.6 billion, respectively.
It was a continuation of revenue spikes seen during Trump’s second term in office that are dwarfing counts from recent history as well as the amounts collected during Trump’s first term.”
While these numbers are very impressive, how much of a difference will they actually make in terms of how much revenue the government is actually taking in?
Sad to say … not that much.
In recent decades, tariff revenue has tended to constitute about 2% of federal revenue. The surge in recent months has changed that, with revenues now accounting for closer to 4%-5% of that revenue.
However, as they say, “every little bit helps!”
6/30/25