U.S. Treasury Secretary Scott Bessent took a victory lap as his department reported an unexpected increase in receipts from ...

The Trump administration's tariffs promise significant federal revenue, but rising inflation raises concerns. As the Federal Reserve grapples with economic pressures, the question remains: do the ...

Tariff income won’t come close to balancing the federal fisc.

Tariff fans have been boasting that President Trump's import taxes are raising federal revenue without contributing to ...

President Trump boasted this week that his tariffs are raising "a fortune" for the U.S. government. Tariffs could also raise prices for the back-to-school and Christmas shopping seasons.

Tariff revenue quadrupled compared to a year ago and cost savings increased sharply in June to help the federal government ...

Trump tariff revenue soars 78%. Who’s paying them? Tariff collections are up sharply in the last two months. Congressional forecasters say tariffs could help reduce the federal debt, but they'll ...

The leap in tariff revenue could help the federal budget, but is unlikely to be enough to offset the country's longstanding deficit, economists at BMO Capital Markets wrote in a commentary.

The White House did not respond to a request for comment. Why did tariffs work in the past? From 1870 to 1913 – the year federal income tax became law – tariff revenue tended to bounce between ...

Experts estimate far lower figures in tariffs revenue, ... In 2024, tariff collections on imports represented just 1.7% of the more than $4.9 trillion in total federal revenue.

The CBO estimated that more tariff revenue would help shrink the federal budget deficit by $2.7 trillion from fiscal years 2025 to 2034. Trump tariffs would shrink the federal deficit, but also ...

Congressional forecasters say tariffs could help reduce the federal debt, but they'll also lead to higher inflation and slower economic growth. Trump tariff revenue soars 78%. Who's paying them?