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

May 22 was the largest day for tariff revenue collections.

A container ship docked at the Port of Oakland, in Oakland, Calif., on April 18, 2025. Justin Sullivan/Getty Images

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.