Trump's Tariffs Collect $81.5 Billion in Revenue, Expected to Grow to $2.8 Trillion in the Future - đź”” The Liberty Daily

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(The Epoch Times)—The Department of Homeland Security said on June 30 that Customs and Border Protection (CBP) has collected more than $106 billion in customs revenue since President Donald Trump returned to office, with the vast majority—$81.5 billion—generated by tariffs imposed under Trump’s trade reset with other countries.

The announcement highlights the scale of Trump’s tariff-driven trade agenda, which the president has touted as a key tool in reshaping ties with much of the rest of the world so as to no longer put the United States at a commercial disadvantage.

According to the DHS statement, CBP has achieved a tariff collection success rate exceeding 99.5 percent while cracking down on potential duty evasion, recovering an additional $16.3 billion through enforcement actions targeting more than 35,000 high-risk shipments.

“DHS and CBP are successfully implementing President Trump’s historic America First trade agenda,” a senior DHS official said in a statement. “We are proud to help President Trump make America richer and reverse a broken trade system that resulted in millions of jobs shipped overseas and made us dependent on foreign adversaries for essential goods. This administration will always put the American first.”

Trump’s tariff strategy has included blanket 10 percent duties on nearly all imports and a series of higher “reciprocal” tariffs announced earlier this year.

Although some of the steeper levies have been paused amid negotiations, the tariff regime remains a significant source of federal revenue. In May tariff revenues helped reduce the U.S. budget deficit by 9 percent.

The Congressional Budget Office recently estimated that Trump’s tariffs could reduce federal deficits by $2.8 trillion over the next decade, even after accounting for modest drags on economic growth and slightly higher inflation.

Yet the administration’s aggressive use of tariffs has also faced legal challenges. A federal trade court ruled in May that the April 2 tariffs exceeded Trump’s statutory authority under emergency economic powers, prompting an ongoing appeals process. Some businesses argue the tariffs impose unlawful costs, while Trump administration officials insist they are crucial for protecting national security and rebuilding domestic industries.

Economic data has painted a mixed picture. The U.S. economy contracted at an annualized rate of 0.5 percent in the first quarter of 2025, driven in part by businesses rushing to import goods ahead of anticipated tariff hikes—a surge that weighed on gross domestic product. Consumer confidence has also dipped amid concerns over potential price increases from tariffs, though forecasters project a rebound in the second quarter.
Despite controversy, Trump has maintained that his tariff policy is driving new trade deals.

So far, the United States has reached trade agreements with India, China, and the UK, Trump said, adding that deals with key partners such as Canada, Mexico, the European Union, and Japan are pending.

In mid-June, he said talks were ongoing with roughly 15 countries.

The president signaled he might extend a July 9 deadline for trade negotiations with some countries—ones that Treasury Secretary Scott Bessent said were engaging in “good faith” negotiations.

At the same time, Trump expressed confidence that such an extension will likely be unnecessary as deals are either coming or will be replaced by unilateral terms set by the United States.

More recently, Trump clarified that he is no longer considering extensions and that he will soon send letters to trading partners detailing the extent of the tariffs facing other countries that want to export to the United States.