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 dont hate them enough.
Tariff revenue is skyrocketing. (X)
Fox Business: The U.S. collected
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