Trump's tariff is going to kill the US economy...

[Hung_Low]

Well, at least that's what the Lefties/Demmies are screaming when Trump enacted the tariff against other nations.

So, how is the tariffs doing?

Recent reports indicate that tariff revenue in the U.S. has reached a record high of $27 billion, with projections suggesting it could exceed $300 billion by the end of 2025. - ABC News.

This surge in revenue is primarily due to increased tariff collections on imported goods as part of the trade policies enacted by the current administration . - NPR

WASHINGTON, July 11 (Reuters) - U.S. customs duty collections surged again in June as President Donald Trump's tariffs gained steam, topping $100 billion for the first time during a fiscal year and helping to produce a surprise $27 billion budget surplus for the month, the Treasury Department reported on Friday. The budget data showed that tariffs are starting to build into a significant revenue contributor for the federal government, with customs duties in June hitting new records, quadrupling to $27.2 billion on a gross basis and $26.6 billion on a net basis after refunds. - Reuters

The Treasury Department recorded $27 billion in customs-duties revenue for June, bringing fiscal year-to-date inflows from levies to $113 billion, according the agency’s monthly budget statement. Total government revenue for the month increased about 13% from a year ago. The US posted a $27 billion overall surplus in June compared with a $71 billion deficit in the same month last year. - Bloomberg

Customs Duties Paid by US Importers Continue to Rise
US Treasury recorded over $27 billion in custom duties last month

2024 Monthly Average $7.2billions, total approx. $97billions

2025:
Jan - $7.9billions
Feb - $7.7billions
March - $8.7billions
April - $16.3billions
May - $22.8billions
June - $27.2billions

[hmgROCK]

i know $27 billion is a lot of money to common folk

but that’s just penny
when the US DEBT is $37 trillion

 

$27 billion is like 0% to the DEBT COMPARISON
you need at least $2-5 trillion annually

 

[hmgROCK]

if the orange man want to rid the US DEBT before he leave office (his word not mine)

$37 trillion divided 4 years =$9+ trillion

he would need to take in $9+ trillion NET profit annually
$27 billion is penny
thats why i laugh and giggle when ELON cut $100 million USAID

 

[Prude]

Problem is those billions are not growing or buy us foods. They are mostly spent in the Middle East and Russia.