US Tariff Revenue Expected to Reach $300 Billion This Year

Reported about 5 hours ago

U.S. Treasury Secretary Scott Bessent announced that the country has already collected approximately $100 billion in tariffs this year, with expectations to reach $300 billion by the end of 2025 due to heightened tariffs from President Trump's trade policies. Major tariff collections began in the second quarter of 2025, following a universal 10% duty on imports and increased tariffs on steel, aluminum, and autos. The increase in collections indicates significant growth in enforcement and implementation of tariffs in the coming months.

Source: YAHOO

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