US takes in $87 bn from tariffs in first half of 2025

Paris: The United States took in more revenue from tariffs in the first six months of 2025 than it did in all of 2024, according to data from the US T...

Paris: The United States took in more revenue from tariffs in the first six months of 2025 than it did in all of 2024, according to data from the US Treasury compiled by AFP.

The more than $87 billion in tariff revenue taken in through the end of June, compared with $79 billion collected in all of 2024, according to the latest monthly data published on Wednesday.

Since his return to the White House US President Donald Trump tore up the US post-WWII economic policy playbook of favouring free trade, slapping tariffs on trading partners and on certain products like steel.

The US has subsequently reached deals with a number of countries that will see considerably higher tariffs apply than were in place, but for the most part also considerably lower than the highest rates that Trump threatened to impose.

The previous peak in tariffs was recorded in 2022 at $98 billion.