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Trump’s tariff revenue has skyrocketed in just a few months, soaring past 2024 levels

August 21, 2025

President Donald Trump has long touted tariffs as a key source of government revenue, and within just a few months of their implementation, billions of dollars have already flowed into federal coffers. The U.S. collected more than $29 billion in tariff revenues in July, the highest monthly total this year. According to the Treasury Department’s latest “Customs and Certain Excise Taxes” data, released on Aug. 19, total tariff...

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