#TrumpTariffs President Trump says tariff revenue is about to “skyrocket.” Why? Because U.S. businesses that stockpiled goods to dodge the new tariffs are finally running low — meaning they’ll soon be paying full tariff rates on imports.
Trump is also waiting on a Supreme Court decision about whether he had the legal authority to impose these tariffs under emergency powers.
According to the latest Treasury numbers, the U.S. collected $195B in customs duties this past fiscal year — more than 250% higher than 2024. But analysts say that’s still a tiny dent in the $1.8T federal deficit.
Some think tanks warn: ✔️ Tariffs could raise up to $3T by 2035 ❌ But not enough to fund the “tariff dividend” Trump floated ⚠️ And they may push inflation higher — which is why food and agricultural imports were recently exempted.
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