RECORD BREAKING Revenue: Trump Tariffs Yield $29 Billion in July

A record.

U.S. tariff revenue surged to a record $29.6 billion in July. This follows $26.6 billion in June, $22.2 billion in May, and just $8.2 billion in March when new tariffs began.

Over the last 3 months, customs and certain excise taxes have reached $78 billion, more than the entire Fiscal Year 2024.

At this pace, annual tariff revenue could reach $308 billion, a $231 billion increase compared to 2024.

For perspective, corporate income taxes collected last fiscal year were ~$366 billion.

Remember how the Democrats and their lapdogs in the media incessantly wailed that tariffs were the absolute worst, most terrible thing in the world? You don’t hate them enough.

Tariff revenue is skyrocketing. (X)

Fox Business: The U.S. collected more than $29 billion in tariff revenues in July, the highest monthly total to date so far this year. That figure pushes the total tariff revenue for the year to more than $152 billion, according to the latest “Customs and Certain Excise Taxes” data released by the Treasury Department. Tariff revenues rose steadily from $17.4 billion in April to $23.9 billion in May, before climbing to $28 billion in June (Fox).

🚨 HOLY CRAP! The Trump administration just brought in a RECORD breaking $29.6 billion of tariff revenue for July.

That’s an enormous total and breaks the previous record.

The US could take in $300 billion in tariffs for all of 2025, Scott Bessent says. pic.twitter.com/x8vpgyFC5y

— Eric Daugherty (@EricLDaugh) August 3, 2025

🚨JUST ANNOUNCED: President Trump brought in ANOTHER record-breaking month, July $29.6 billion in tariffs. Liberation Day! Tariffs are working! #sundayvibes pic.twitter.com/IAG7oUd334

— AJ Huber (@Huberton) August 3, 2025

The administration’s tariff strategy has taken shape. Initial assessment, from the Center for Strategic and International Studies: The administration has announced framework agreements over the past few weeks with the United Kingdom, China, Vietnam, Indonesia, Japan, and the European Union. The shape of these agreements provides insight into administration objectives and distinguishes this approach from previous trade policy frameworks. The policy structure includes four primary components: (1) uniform and significant tariff rates across most products for each partner—with China as a notable exception and details still emerging for the European Union; (2) retention of higher tariffs on smaller set of strategic industries—including steel and aluminum; (3) acceptance of investment and purchase commitments rather than requiring reciprocal tariff reductions; and perhaps most importantly (4) achieving this significant restructuring of U.S. tariff rates without triggering widespread retaliation from trading partners This success in avoiding retaliation likely stems from credible signaling of “escalation dominance”—essentially convincing partners that entering a cycle of economic retaliation would be more costly for them than for the United States …. The administration has so far been successful in raising U.S. tariff rates significantly while avoiding partner retaliation, and with the frameworks agreed to in the last few weeks, they have also moved closer to an optimal tariff regime for extracting gains from partners (CSIS).