Tracking the money Trump's tariffs are bringing in
10 months ago
- #economy
- #trade
- #tariffs
- President Trump's tariffs have increased revenue to $75 billion year-to-date, up 85.7% from last year.
- Federal income taxes brought in $2.4 trillion in 2024, dwarfing tariff revenue.
- Tariff revenue spikes may indicate new tariffs or stockpiling before rate hikes.
- A declining gap between years suggests tariffs may be reducing import demand.
- Long-term trajectory shows if tariff revenue stabilizes or declines due to trade shifts.
- Uncertainty from ongoing trade wars can lead to fluctuating and unpredictable tariff revenue.
- Data sourced from Penn Wharton Budget Model and U.S. Treasury Department's daily reports.