General Discussion

(Forbes, 8/31/2025) "President Donald Trump on Sunday said his tariffs, most of which an appellate court ruled illegal, have brought in 'trillions of dollars.' "

" 'Without tariffs, and all of the TRILLIONS OF DOLLARS we have already taken in, our Country would be completely destroyed, and our military power would be instantly obliterated,' Trump wrote on Truth Social."

"Trump claimed earlier this month that 'trillions of dollars are being taken in on tariffs' and his levies have 'not caused inflation, or any other problems for America, other than massive amounts of CASH pouring into our Treasury’s coffers.' "

The facts:

"The U.S. has collected $142 billion from tariff revenue so far this fiscal year, which ends in September, according to Treasury Department data released earlier this month. Since Trump’s tariffs took effect in April, his levies have generated about $96 billion in revenue, after customs duties jumped to $28 billion in July, marking an annual increase of 273%. Customs duties accounted for $27 billion in revenue for June, $22 billion in May and $16 billion in April. Before Trump’s tariffs were announced, customs duties totaled $8 billion in March and $7 billion in February and January. Customs duties are tariffs or taxes paid by importers in international trade, meaning companies, businesses or individuals in the U.S. are required to pay levies as goods enter the country. Consumers tend to carry the weight of tariff costs as companies adjust prices to offset or absorb the effects of tariffs."

https://www.forbes.com/sites/tylerroush/2025/08/31/trump-says-his-tariffs-collected-trillions-in-revenue-heres-the-real-figure/