US tariff revenue surged to a record +$30 billion in August, the 6th consecutive monthly increase.
- Tariff revenues averaged ~$7 billion a month before new tariffs began in April, meaning ~$23 billion last month came from new tariffs alone.
- At this pace, annual tariff revenue could exceed $300 billion, a +400% jump from 2024.
- If applied to the deficit, tariffs revenue could lower the annual budget deficit by ~$300 billion.
- Tariff revenue is soaring.
