Surge in Tariff Revenues Anticipated in June Budget Data

July 11, 2025 - 22:41

WASHINGTON - The U.S. Treasury Department is set to disclose the latest figures on tariff revenues, with expectations of significant growth for June. As collections from various new import duties accumulate, they are emerging as a vital source of government income.

According to a preview by the Congressional Budget Office, gross customs receipts driven by tariffs are projected to have risen by $50 billion during the first eight months of the current fiscal year, which spans from October 1, 2024, to September 30, 2025. This figure marks an impressive nearly 90% increase compared to the $55.6 billion collected during the same period last year.

The forecast suggests that customs duties for June could see an increase of approximately $20 billion, following record collections of $22.8 billion in May. This growth reflects the administration's ongoing efforts to leverage tariffs as a means of boosting federal revenues, amid broader economic considerations.