Posted on 11/30/2025 6:31:57 PM PST by SeekAndFind
Tariff revenues surged to $31.4 billion in October, setting a new monthly record as the Trump administration’s trade policies continue to remake U.S. trade flows and reshape the federal government’s balance sheet, according to newly released Treasury Department data.
The Monthly Treasury Statement for October, published on Nov. 25 , shows net customs duties totaling $31.4 billion, surpassing all prior monthly readings and marking the strongest single-month tariff haul since the modern reporting era began. Treasury records show gross customs receipts of roughly $33.1 billion, offset by about $1.7 billion in refunds, resulting in the $31.4 billion net figure.
The record inflow points to the profound fiscal impact of President Donald Trump’s tariff policies, which imposed a 10 percent baseline levy on most imports beginning earlier this year and included a series of reciprocal and country-specific duties that pushed some tariff rates as high as 40 percent.
The October tariff income surge appears to reflect a deeper structural shift, with tariffs shifting from a marginal revenue source to one of the most rapidly expanding components of federal receipts. The month’s $31.4 billion haul surpassed the previous record of $29.7 billion set in September and came in more than four times higher than the $7.3 billion collected in October 2024.
Trump, speaking during a Thanksgiving call with U.S. service members on Nov. 27, said the revenue boom could soon allow the United States to dramatically reduce—or even eliminate—federal income taxes for many Americans.
“We’re taking in hundreds of billions of dollars like we’ve never done before,” Trump said, adding that a portion of the money could be returned to Americans in the form of a dividend, while the rest would contribute to debt reduction.
“Over the next couple of years, I think we'll substantially be cutting and maybe cutting out completely ... income tax.”
The remarks echoed Trump’s earlier statements, including an April social media post in which he suggested that Americans earning under $200,000 might see their income taxes sharply reduced or eliminated once the tariff program reached full effect.
Trump reiterated that theme on Nov. 24, writing on Truth Social that tariff revenues would skyrocket as foreign buyers exhaust stockpiles of pre-tariff goods. Independent models show the magnitude of the shift. The Penn Wharton Budget Model, drawing on Treasury data, estimates the United States has collected more than $320 billion in customs and excise duties so far this year, compared with roughly $171 billion at the same point in 2024.
The Tax Policy Center estimates Trump’s tariff actions have lifted the average U.S. tariff rate to 17.6 percent, with tariff revenue expected to total $2.3 trillion between 2026 and 2035.
It projects the tariffs will add about $256 billion to federal receipts next year, though it cautions that its estimates remain “highly uncertain” given the complexity of stacking rules and the unpredictable impact of foreign countermeasures.
Neal Katyal, a former acting U.S. solicitor general representing business groups opposed to the tariffs, argued in court that the duties amount to taxes beyond what Congress authorized. Solicitor General D. John Sauer countered that tariffs remain regulatory tools squarely within presidential authority under IEEPA.
A ruling against the administration could upend major portions of the tariff program. Trump has urged the high court to rule quickly, calling the matter “urgent and time sensitive.”
U.S. Trade Representative Jamieson Greer told Fox Business he expects a decision before year-end.
Challenge!!
Can’t have Trump succeeding
Importers are eating the tariffs & saying: “Please sir can I have another.”
What choice do they have?
Their bread & butter is produced by foreigners.
Check him for ties to Soros, Obama, the Biden Crime Family or the Clinton Syndicate. I've seen pictures of congress critter Kelly with Soros son on Facebook.
Aw shoot. The demoncRAT-packed judges already putting up obstacles. With tariff revenues like this, demoncRATS & RINOs are gnashing their teeth because they can’t get hold of these monies for their pet projects as well as their back pockets.
I hate those damnable black-robed tyrants!!!
Congress, you must impeach these extra-Constitutional judicial activist judges NOW!!!
Tree.
Rope.
Swiiiiing.
Hurray for those of us who put President Trump back in!
* Oh, wait a minute, 2000 grand a week💰 for Congress, but none for us for all year. ✖️
The Supreme Court didn’t have a problem with Obamacare.
Tariffs would be more sustainable if they were primarily funding the Social Security system. It would help to alleviate the stress on the system going forward, show current payers a likelihood they would be getting money back, and put a tripwire down for defunders.
Trump will figure that into the plan. This govt will block him at this point
Trump knows these things not only he is a finance expert by education, background and experience, he cared for his elders. He comes from a family who took care of their parents and children. He gets the value of social security or a good even much superior retirement plan.
31.4 billion in a month? Wait FR…waaaaiiiittt….
It’s already gone…yup…the time it took me to write this, that money is already gone…we’ve NEVER HAD A REVENUE PROBLEM. We have a spending problem and until we get off this tariff joke and get serious about spending cuts this will continue to be the side show at the 3 rings circus. But hey, it surely makes us feel good because we got a “win.”
That 31.4 billion is still already gone.
Feel free to insert any group of people the left deems in need for the word Somali. The great charity of the US treasury will always be spent to be benevolent uncle sugar. There will forever remain a reason to spend.
Election/voting access
healthcare
education
housing
food
environment
roads
research
foreign aid
studies
redistricting
CAMPAIGNING and staff
Basically whatever you ask government to do, it will. To excess.
Hit nail on the head.
I left out combating rascism. The ultimate guilt trip.
Biggest monetary scam around
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