Tariff revenue in the United States grew at an annual rate of 94.3% in the first nine months of fiscal year 2025, to $108.018 billion, according to US government data.
These tariffs stem from trade remedy measures adopted pursuant to Section 232 of the Trade Expansion Act of 1962 and Sections 201 and 301 of the Trade Act of 1974, as well as trade enforcement measures.
Tariff revenue in the United States
Revenue includes estimated and final duties, taxes, and fees paid by the business community, including adjustments for refunds.
A tariff is a tax on imports. It used to be key to public revenue, but today its use is more strategic. It serves to protect industries, support foreign policy, or as a tool in trade negotiations, especially in developed countries.
The following shows the trend in tariff revenue in the United States, in millions of dollars:
- October 2024: 7,297.
- November 2024: 6,712.
- December 2024: 6,814.
- January 2025: 7,341.
- February 2025: 7,247.
- March 2025: 8,168.
- April 2025: 15,634.
- May 2025: 22,173.
- June 2025: 26,632.
Collection at US customs
The Constitution grants Congress the power to set tariffs, although part of this function is delegated to the President. As a member of the WTO and other trade agreements, the United States defines its tariff policy within a global regulatory system.
Tariff revenue in the United States in June 2025 is equivalent to 5.1% of total US revenue for that month ($526 billion).
The Congressional Budget Office forecasts a negative effect on the US economy. It estimates that tariffs will reduce its size. This is due, in part, to trade retaliation by other countries. Even so, the fiscal impact would be significant. According to its projections, tariff changes would lower the federal deficit by $2.8 trillion between 2025 and 2035.