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US Expects US$50 Billion in Monthly Tariff Revenue, Commerce Chief Says
UNITED STATES, AUG 7 – New tariffs on imports from over 100 countries raise monthly customs revenue to $50 billion, a significant increase from $30 billion last month, officials said.
- On August 7, 2025, US Commerce Secretary Howard Lutnick revealed that monthly tariff revenues are projected to reach $50 billion or more as increased import duties on goods from numerous countries come into effect.
- This increase comes as part of President Donald Trump's recent decision to raise tariffs on imports from numerous countries, with the goal of addressing trade imbalances and promoting more equitable trade policies.
- The tariffs include rates ranging from 10 to 50 percent on many goods, with a planned 100 percent duty on semiconductor chips conditional on US manufacturing commitments.
- Lutnick predicted that revenue from tariffs will increase significantly, including funds from sectors such as semiconductors and pharmaceuticals, and estimated that up to $1 trillion in investments could be generated to support domestic manufacturing.
- Tariff collections rose sharply from $30 billion last month, marking the highest average US import duty in a century and signaling significant growth in customs revenue.
41 Articles
41 Articles
The U.S. expects that the new tariff scheme it has applied since Thursday to the vast majority of its trading partners will generate monthly revenues of around $50,000 million. U.S. Trade Secretary Howard Lutnick said that in the previous month the government coffers received about $30 billion for the charges announced in April by President Donald Trump, who then imposed global base rates of 10 percent, along with other “reciprocal” fees that he…
U.S. Trade Secretary Howard Lutnick said that it is expected that the United States will spend at least 50 billion dollars a month on tariffs and taxes, compared with 30 billion dollars in July, under the conditions of entry into force of the increased taxes on US imports of products made in 10 countries, Reuters notes.
US expects US$50 billion in monthly tariff revenue, Commerce chief says
WASHINGTON: The United States expects to collect US$50 billion or more in tariff revenues each month as higher levies on imports from dozens of countries take effect, Commerce Secretary Howard Lutnick said on Thursday
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