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Donald Trump’s tariff policies are working.
According to the Committee for a Responsible Federal Budget, tariff revenues hit $25 billion in July.
Revenue from President Trump’s tariffs reaches $25 billion monthly, according to the Committee for a Responsible Federal Budget.
The bipartisan group reported that the monthly tariff revenue jumped from $7 billion a year ago to $25 billion in July, according to the Washington Times.
The committee estimated that by the end of Trump’s term in office, the tariffs from his administration would bring in $1.3 trillion “before accounting for economic effects.”
The CRFB called the revenue being generated “meaningful” and “significant.”
In Fiscal year 2025, tariffs have accounted for 2.7% of federal revenue.
This is double the usual levels.
President Donald Trump’s sweeping new tariffs are raking in unprecedented sums for the federal government—so much, in fact, that a top budget watchdog says the revenue rivals the impact of creating a brand-new payroll tax or slashing the entire military budget by nearly one-fifth. (These are rough estimates, to be sure, conveyed to communicate the magnitude of the tariffs, not precise contributions to the budget.) But can these massive cash flows, already topping tens of billions monthly, truly put a dent in America’s $37 trillion national debt?
Actually, yes, according to the Committee for a Responsible Federal Budget (CRFB), which alternately calls the revenue being generated by the tariffs to be “meaningful” and “significant.”
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For context, in fiscal 2025 so far, tariffs have accounted for 2.7% of all federal revenue—more than double typical levels. Some analysts project that figure climbing as high as 5% if current policies remain in place.
In theory, pouring $2.8 trillion from tariffs into the national coffers could markedly slow the growth of the federal debt. Congressional Budget Office figures and CRFB models suggest that, if kept permanent, Trump’s tariff regime could reduce the deficit by up to $2.8 trillion in the next decade. “The recent tariff increases are likely to meaningfully reduce deficits if allowed to remain in effect or replaced on a pay-as-you-go…basis,” the CRFB wrote in its analysis.
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