Tariff revenue hits record $34.2B as Supreme Court weighs Trump powers

As tariff revenues rise, the White House is bracing for a Supreme Court ruling that could shape the president’s future Donald TrumpTrade agenda.

Tariff revenues rose to a new high of $34.2 billion in October, raising risks as the crisis deepens. supreme court Considers whether the president can continue to impose broad duties without congressional approval.

Trump’s tariffs take more than $200 billion in revenue as Supreme Court considers legality challenge

Tariff revenues totaled $215.2 billion in fiscal year 2025, which ended on September 30, according to the report. Ministry of TreasuryReport “Customs and Certain Excise Taxes.”

So far in fiscal year 2026, which began on October 1, the United States has raised $41.6 billion, according to the latest figures published by the Treasury Department.

Since Trump declared “Liberation Day” Definitions In April, tariff revenues rose sharply from $23.9 billion in May to $28 billion in June and $29 billion in July. This momentum continued through August and September, when the government collected a total of $62.6 billion in tariffs. profit.

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American companies pay these import taxes to the federal government, but they often recover the cost by raising prices, meaning consumers end up footing a large portion of the bill.

In response to growing concerns about affordability, Trump has begun raising some tariffs in an attempt to ease price pressures.

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However, the president maintains that tough tariffs are necessary to counter what he sees as years of unfair global trade, a position that shows how strong trade policy is in his broader economic strategy.

The president also pledged that revenue generated from the fees could fund a Profits of $2000 For low- and middle-income Americans.

Trump says the US has been the “king of gouging” because of the trade imbalance

President Donald Trump has promised to cut a $2,000 check for some Americans generated by tariff revenue. (Aaron Schwartz/CNP/Bloomberg via Getty Images/Getty Images)

U.S. Trade Representative Jamison Greer said on Sunday that the potential one-time payments of $2,000 are not expected to increase inflation and could instead provide welcome relief to families.

Greer responded to concerns that the move could lead to higher prices, stressing that “this is not some kind of ongoing new welfare program or something that will exacerbate inflation.”

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He added that he expects American families will appreciate the checks. “But I don’t think it will change the overall macroeconomic picture,” Greer said.