US Customs Duties Top $100 Billion for First Time in a Fiscal Year

In the space of roughly four months, tariffs as a share of federal revenue have more than doubled to around 5 percent from about 2 percent historically

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WASHINGTON: US 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.

The budget results are likely to reinforce Trump's view of tariffs as a lucrative revenue source and as a hammer to enforce non-trade foreign policy.

He said on Tuesday that "the big money" would start to flow in after he imposes higher "reciprocal" tariffs on US trading partners on August 1.

US Treasury Secretary Scott Bessent said on X that the results show the US "reaping the rewards" from Trump's tariff agenda.