US Tariffs Revenue Climbs to Fresh Record for Single Fiscal Year

US revenue from customs duties this fiscal year surpassed $100 billion for the first time, reflecting higher tariffs imposed by the Trump administration.

The Treasury Department recorded $27 billion in customs-duties revenue for June, bringing fiscal year-to-date inflows from levies to $113 billion, according the agency’s monthly budget statement. Total government revenue for the month increased about 13% from a year ago.

The US posted a $27 billion overall surplus in June compared with a $71 billion deficit in the same month last year. For the first nine months of the fiscal year, the deficit was $1.34 trillion. After ...