NEW: Fiscal Year 2025 Duty Collections Top $100 BILLION for First Time in History – June Sees $27 Billion in Tariff Revenue

U.S. customs duty collections topped $100 billion for the first time in history as President Trump’s tariffs generated massive revenue for the country. 

New budget data shows that tariff revenues as a share of federal revenue have more than doubled, and tariffs have created a surplus as opposed to a $71 billion deficit in June 2024 under Biden.

The Gateway Pundit recently reported that Treasury Secretary Scott Bessent announced during a cabinet meeting on Tuesday that the U.S. is on track to bring in over $100 billion in tariff revenue so far this year and potentially “well over” $300 billion by the end of the year.

WATCH: Scott Bessent Says America Already on Track to Take in OVER $100 BILLION in Tariff Revenue This Year – Estimates “Well Over” $300 BILLION by End of Year as CBO Estimates Over $2.8 TRILLION Over 10 Years

This new data comes as President Trump imposes new tariffs on a plethora of countries. As The Gateway Pundit reported, Trump slapped new 30% tariffs on Mexico and the European Union on Friday.

During a meeting with African leaders on Wednesday, President Trump told OANN correspondent Daniel Baldwin, "we're taking in hundreds of billions of dollars, money that we've never seen before."

WATCH:

Per Reuters:

U.S. customs duty collections surged again in June as President Donald Trump's tariffs gained steam, topping $100 billion for the first time during a fiscal year and helping to produce a surprise $27 billion budget surplus for the month, the Treasury Department reported on Friday.

The budget data showed that tariffs are starting to build into a significant revenue contributor for the federal government, with customs duties in June hitting new records, quadrupling to $27.2 billion on a gross basis and $26.6 billion on a net basis after refunds.

Another promise made. Another promise kept.

Our nation is reaping the rewards from @POTUS’s America First agenda.

As President Trump works hard to take back our nation’s economic sovereignty, today’s Monthly Treasury Statement is demonstrating record customs duties – and with… https://t.co/LN4HI66jJg

— Treasury Secretary Scott Bessent (@SecScottBessent) July 11, 2025

The post NEW: Fiscal Year 2025 Duty Collections Top $100 BILLION for First Time in History – June Sees $27 Billion in Tariff Revenue appeared first on The Gateway Pundit.