Revenue from President Donald Trump’s tariffs hit a fresh high of nearly $30 billion in August, with Treasury Secretary Scott Bessent predicting even larger inflows ahead and forecasting that annual collections could top half a trillion dollars and help bring down the deficit.
The Treasury’s latest Daily Statement showed $29.99 billion in tariff revenue as of Aug. 25, with a single-day haul of almost $22.5 billion on Aug. 22. “The best part: no consumer price inflation,” Bessent wrote on X, noting that household goods prices have risen by just 0.7 percent annualized since April. The August surge follows back-to-back records earlier this summer, with July bringing in $28 billion and June $27 billion.
