Trump tariffs plateauing

U.S. President Trump’s steep tariffs on nearly all goods imported into
the United States appear to be reaching their economic and political
peak – averaging at around $30 billion in revenue every month

U.S. MONTHLY CUSTOM DUTY RECEIPTS ($ billions)

2017 2018 2019 2020 2021 2022 2023 2024 2025

30
20
10
0

SEP 2025
$29.7

“People that
are against
Tariffs are
FOOLS!”
DONALD TRUMP†

Tariffs earn Federal government billions
of dollars, but cost of everyday items are
rising for consumers. Democrats
are now successfully
campaigning
on this front

How would you rate
economic conditions
in country today?*

Poor
72%

Trump
(first term)

Biden
(single term)

Trump
(second term)

GROSS ANNUAL TARIFF (AND EXCISE TAX) REVENUE ($ billions)

2025
$227.3‡

2024
$82.4

2023
$80.5

2022
$100.0

2021
$84.6

2020
$68.5

2019
$72.6

2018
$48.3

2017
$38.9

Six months of increased tariffs in 2025 have earned almost as much
as those from entirety of Trump’s first term in office (four years)

*CNN/SSRS poll, Oct 27-30, 2025. †Truth Social post, Nov 9, 2025. ‡Up to Sep 2025
Sources: Bloomberg, CNN, Bipartisan Policy Center
Pictures: Creative Commons
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