Revenues from tariffs are surging in the wake of the Trump administration’s move to increase fees, notes a new analysis.
According to the non-partisan Washington-based Committee for a Responsible Budget, monthly tariff revenue last month was up to $25 billion.
That figure is a notable increase from the $7 billion reported in July of 2024, reports the Washington-based group that has often been critical of the President for not tackling the national deficit.
The analysis further states that if matters continue their current trajectory, new tariff revenue could total up to $1.3 trillion by the end of Trump’s term in January of 2029.
In addition, the CRB report is forecasting that revenue tariff will balloon to $3.8 trillion by the year 2034.
In what might be described as a disclaimer, the group notes: “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.”
Even so, the new tariff revenue is making history, says the CRB report, remarking that “Since 1940, tariffs have generated only a small amount of revenue for the federal government. Prior to the first Trump administration, for example, tariffs were generating about $3 billion per month.”
The CRB, which was founded in 1981, advertises itself as being dedicated to the reduction of the federal budget. Its board of directors has included prominent Democrat and Republican former members of Congress.
August 14, 2025
By Garry Boulard
Photo courtesy of Unsplash
