The case for Trump tariffs

 Federalist Wire:

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President Trump’s tariffs are proving to be a powerhouse for America’s economy, raking in massive revenue while shielding hardworking citizens from unfair foreign competition. According to the Committee for a Responsible Federal Budget, revenue from these tariffs has hit an impressive $25 billion per month, marking a bold stand against global trade cheats.

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. Experts project that by the conclusion of Trump’s term, these tariffs will deliver a staggering $1.3 trillion in revenue, setting the stage for stronger national finances before considering economic ripples.

“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.”

Even as some point out that this influx may not fully offset costs from Trump’s One Big Beautiful Bill Act—which bolsters tax cuts, border security, military strength, and Medicaid reforms—the overall gains give evidence to this being a winning approach for putting America first.

The committee analysts said the tariff hikes are “likely to meaningfully reduce deficits if allowed to remain in effect.” The tariffs have contributed in a large part to the recent monthly government surplus financial reports unseen in decades.
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While tariffs are the opposite of free trade, in this case they do appear to be a big source of revenue to the government.  We will have to see if foreign governments impose tariffs on sales of US companies.