Trump’s Tariffs Deliver Record $23 Billion Revenue in May

U.S. tariff revenues reached an all-time high in May as President Donald Trump’s trade policies started to fill government coffers. According to the May 28 Daily Treasury Statement, revenues from “customs and certain excise taxes” climbed to a record high of $23.28 billion this month, up from $17.431 billion in April. May was the first full month that Trump’s levies took effect. Most of the tax collections occurred on May 22, exceeding $16 billion. Shortly after his April 2 “Liberation Day” announcement, the administration imposed 10 percent tariffs on nearly every country in the world. Fiscal year-to-date—the federal government’s fiscal year runs from October 1 to September 30—tariff revenues total $93.85 billion....