Trump's Tariffs Rake In Record $80 Billion in Revenue

President Donald Trump’s tariff gamble is paying off for the United States, with revenues hitting record-breaking levels not seen in generations.

As reported by the Washington Times, U.S. Customs has collected over $106 billion from tariffs since January.

Most of the revenue is coming directly from Trump’s historic “Liberation Day” tariffs.

For Trump, the revenues provide a tangible selling point for his bold effort to realign global trade and revitalize American manufacturing.

The process requires tradeoffs and time to show results.

The revenue haul could also help Republicans defend Trump’s “Big, Beautiful Bill,” which is expected to raise federal deficits by trillions of dollars.

According to the Congressional Budget Office, Trump’s tariffs would more than cover the cost of his tax bill over the next 10 years, provided tariffs remain in place (a big if, admittedly.)

Trump’s tariff haul marks a historic shift.

Under Trump, tariff rates are their highest in over a century, and it shows: the Treasury Department says that $81.4 billion has been collected this fiscal year.

The figure is $32 billion more than the amount gathered at the same time last year.

At a press conference last week, Trump said:

“They have so much money coming in.”

Trump has even suggested tariffs could replace income taxes long-term.

However, the amount Trump has collected from tariffs, while substantial, falls short of the trillions that the government gathers every year from taxing income.

Of course, tariffs are taxes, and it’s likely that American consumers are paying for some of this new revenue.

But so far, Trump is beating economists’ gloomy predictions of runaway inflation.

Prices on goods have remained mostly stable since Trump enacted his tariffs in April.

Trump paused most of his country-specific “reciprocal tariffs” for 90 days in early April.

Nevertheless, he kept a 10% baseline tariff on all imported goods, and higher tariffs remain on imports from China and specific commodities like steel and aluminum.

The July 9 deadline to negotiate new trade deals is coming up, and Trump has said the pause won’t be extended.

The return of higher tariff rates could bring more economic uncertainty across global markets, but a steady source of income for the United States is guaranteed.

Trump has said the eventual economic benefits of the tariffs will outweigh the near-term costs.

Meanwhile, major companies are already starting to invest in America.

This week, GE announced it is investing $500 million in Kentucky, creating 800 new jobs.

“We have companies coming in, factories coming in,” Trump said.