WASHINGTON — U.S. President Donald Trump’s tariffs announced on Japan and other trade partners reflect a bullishness that may stem from declining concerns about inflation, a contrast from the similar levies he touted in April that sent the stock market into turmoil.
More than $22 billion in tariff revenue flowed into the U.S. government in May, the Treasury Department reports, roughly triple the monthly average in 2024. In April, a baseline duty of 10% was applied to imports from most countries and territories, boosting tariff revenue dramatically.
