US tariff receipts soar to $87bn, emerge as stable revenue

Repeal could become politically difficult for future administration

The U.S. could become the only developed country where tariffs account for more than 5% of tax revenue, estimates show. © Reuters

KOSUKE TAKAMI and RYOHEI YASOSHIMA

WASHINGTON — U.S. tariff revenues soared to $87.2 billion in the January-June half, government figures show, reaching a scale that could make it politically difficult to reduce or repeal them even under a new president.

Tariff revenues have surged since President Donald Trump’s “reciprocal” duties were imposed in April, reaching $26.6 billion in June alone, according to the Treasury Department — four times the usual amount.

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US tariff receipts soar to $87bn, emerge as stable revenue

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