 Tariff Revenues Jumped By$95 Billion This Year, But the Courts Could Force a Refund |
Source |
American Shipper |
Post Date |
09/19/2025 |
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Key Takeaways
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?Treasury Department data showed that the U.S. brought in $30 billion in tariff revenues in August, up sharply from the $7 billion collected in August 2024, before President Trump instituted his sweeping tariff regime.
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?For the year, tariff revenues are $95 billion higher than 2024 levels.
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?Treasury Secretary Scott Bessent said that a court ruling against the tariffs could force the government to issue refunds.
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Revenue from President Donald Trump?tariffs jumped in August, but its not clear if the federal government will beable to keep the funds, as a court case challenges whether the president?tariff policies are legal.
Tariffs brought in $30 billion inrevenues in August, and a total of $165 billion in tariff revenues havebeen collected so far this year, data released by theTreasury Department showed.1 By comparison, tariffs in August2024 brought in $7 billion in revenue, for a year-to-date total of $70 billionin the same period.2
That means that the U.S. has collected$95 billion in new tariffs so far this year. However, the Trump administrationmay have to refund some or all of those funds if a recent ruling against thetariffs is upheld.
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