2025-12-08 19:47:00
Trump News:
- Taking action to protect farmers
- US will take small portion of tariff revenues to give it to farmers
- We will provide $12 billion in aid to farmers
- He spoke with Xi and he thinks China will buy even more soybeans than promised.
For Fiscal Year 2025 (Ended Sept 30, 2025):
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The US collected approximately $195 billion to $215 billion in customs duties. This represents a massive increase—roughly 150% to 250% higher than the previous year.
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Fiscal Year 2024: For comparison, the US collected roughly $77 billion in customs duties.
Since the start of the fiscal 2026 year, (Started Oct 1, 2025):
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Collections remain at record highs. In October 2025 alone, the Treasury reported collecting roughly $34 billion, putting the US on pace for another record-breaking year if current policies remain in place.
This article was written by Greg Michalowski at investinglive.com.
