Kenny Bolkari, the chief market strategy in the market, discusses the trends of gross domestic product in the United States, the potential Tiacock deal for President Donald Trump with China and more on “Varney & Co.”
The United States has collected more than 200 billion dollars in customs tariff revenues this year, which confirms the president’s scale Donald TrumpCommercial duties as an important source of government income.
Customs tariff revenues It was $ 31.4 billion in August, the largest monthly total in 2025. September has already rose to $ 29.7 billion and is on the way to determine the highest new level.
Bessent defends Trump’s tariff against allegations that it hurts our actions
The total customs tariff revenues of 2025 amounted to 213.3 billion dollars, according to the latest “customs and some taxi taxes” issued on September 23 by the Ministry of Treasury.
The customs tariff revenues increased steadily from $ 17.4 billion in April to 23.9 billion dollars in May, before climbing to $ 28 billion in June and reaching $ 29 billion in July.
However, the source of customs tariff revenues is important for observation. American companies pay these import taxes to the federal government, but the cost often falls on consumers, as companies raise prices to pass the economic burden.
Fixed climbing in duties comes as supreme court It deals with the issue of whether Trump’s comprehensive tariff, which is an essential part of his economic agenda, is legal.
The US Supreme Court in Washington, DC, on October 3, 2024. (Valerie PleSch/Picure Alliance/Getty Images/Getty Images)
The highest court in the country You will hear the arguments During the first week of the November session.
Trump says we will be “destroyed” without the revenues of the tariffs
On August 29, a federal appeal court ruled that Trump exceeded his authority using the emergency authorities for a new imposition Definitions On imported goods.
The court said that the authority lies directly with Congress or within the frameworks of the current commercial policy. The court allowed definitions to remain in effect until mid -October.
Shipping containers at Houston Port for Power on February 10, 2025, in Houston, Texas. (Brandon Bell / Getty Emmaiz / Gettie Emayiz)
August decision does not extend to the customs duties imposed on steel and aluminum imports.
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The White House had previously defended Trump’s tariff as a legitimate use of the presidential authorities to protect the economy in a statement of Fox News Digital.
“We look forward to the final victory in this matter with the Supreme Court,” said White House spokesman Kush Disi.
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