Trump tariff policy worth billions for US

 Newsmax:

America's customs revenue has exceeded $100 billion since President Donald Trump returned to the White House, according to Axios.

Of that figure, the vast majority is from tariffs, the outlet reported, as the president's trade strategy begins to pay off in a big way for the federal government.

According to Customs and Border Protection documents viewed by Axios, since Jan. 20, the total customs revenue generated from actions such as tariffs, taxes, and fees climbed to $106.1 billion as of Friday.

More than two-thirds of that, or $85.1 billion, is from tariffs that Trump has imposed on foreign countries looking to do business in America.

For the current fiscal year through the end of May, Treasury data shows that collections are up 65% from the year prior during the same period.

The Yale Budget Lab found that U.S. consumers face an overall average effective tariff rate of 15.8% – the highest since 1936. After American consumption behavior shifts, the average tariff rate will be 14.7% — the highest since 1938.

If current levels continue unabated, annual customs revenue collections are reportedly expected to beat the Trump administration's projections.

Axios reported that Treasury Secretary Scott Bessent and trade adviser Peter Navarro previously estimated that Trump's tariffs could bring in upward of $300 billion in revenue.
...

This is a windfall for the treasury that should help to reduce the current deficits. Trump is demonstrating why he was a successful businessman.

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