How much revenue does the federal government collect from tariffs?
Updates published monthly
$77 billion in FY 2024. This figure reflects revenue from tariffs and other import-related fees, also known as customs duties. Customs duties are taxes and fees paid by US importers and collected by US Customs and Border Protection on goods imported into the country, which generate revenue for the federal government.
$108B
Customs duties revenue in FY 2025 through June
$77B
Customs duties revenue in FY 2024
While finalized revenue data is released annually, the federal government also shares preliminary revenue data each month to show how much the federal government has collected in the current fiscal year.
In 2025, the Trump administration announced new or increased tariffs on imports from certain countries, contributing to higher customs duties collected by the federal government. As of June, FY 2025 revenue from customs duties reached $108 billion, which is 94.3% higher than it was in the same month of FY 2024.
As of June, the government has collected about $108 billion in customs duties in FY 2025.
Monthly cumulative customs duties revenue of each fiscal year
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Customs duties revenue, adjusted for inflation, remained between $27 billion and $47 billion from 1980 to 2018. It grew from FY 2018 to FY 2022 when it reached a peak of $108.2 billion. The increase began after the US imposed new tariffs on hundreds of imported goods, mostly from China. These tariffs were intended to respond to concerns about trade practices and foreign policies.
Revenue from customs duties in FY 2024 was 28.8% lower than that of the FY 2022 peak.
Total revenue from customs duties, adjusted for inflation
In FY 2024, customs duties revenue surpassed the previous peak of FY 2022 and landed at $77 billion. It was elevated due to the implementation of new tariffs on a broad range of imported goods, including those from China, Canada, Mexico, and the European Union.
Customs duties revenue made up 1.6% of federal revenue in FY 2024.
Share of total revenue by category (FY 2024)
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Methodology
USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.
The analysis was generated with the help of AI and reviewed by USAFacts for accuracy.
Page sources
USAFacts endeavors to share the most up-to-date information available. We sourced the data on this page directly from government agencies; however, the intervals at which agencies publish updated data vary.
