Trump tariff revenue reaches $25 billion monthly

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.”

“Importantly, our estimates are very rough and intended to reflect the general magnitude of the policies rather than precise scores, given the complexity of the tariffs and their impacts,” the committee said in its analysis. “Estimates also exclude macroeconomic effects, which could reduce the net (real) deficit reduction from tariffs to the extent they lead to slower growth and higher inflation.”

However, according to analysts, the additional revenue still will not cover Trump's One Big Beautiful Bill Act, which extended tax cuts, increased spending on the border and the military, and established new Medicaid eligibility requirements. The law is expected to add to the national debt.

The committee analysts said the tariff hikes are “likely to meaningfully reduce deficits if allowed to remain in effect.”

In July, prices rose 0.2%, or 2.7% year over year, matching the level recorded for the 12 months ending in June, according to the Consumer Price Index released Tuesday by the Bureau of Labor Statistics.

“It has been proven, that even at this late stage, Tariffs have not caused Inflation, or any other problems for America, other than massive amounts of CASH pouring into our Treasury’s coffers,” Trump posted on Truth Social Tuesday.

The committee said U.S. tariffs generated about $3 billion monthly before Trump first entered office. After Trump raised tariffs during his first term on Chinese goods, steel, and aluminum, the revenue increased to $7 billion.

According to the Penn Wharton Budget Model, tariffs have raised nearly $130 billion this year, more than twice the amount of tariff revenue collected at this point last year.