U.S. Tariff Revenue Projected to Exceed $300 Billion in 2025, Inflation Unaffected, Treasury Says

by Worthy News Washington D.C. Bureau Staff

(Worthy News) – Treasury Secretary Scott Bessent announced Tuesday that the United States is on track to collect more than $300 billion in tariff revenue this year, a major milestone in President Trump’s America First trade agenda.

Speaking during a presidential Cabinet meeting, Bessent highlighted the strong fiscal performance of the administration’s tariff policies. “We’ve taken in about $100 billion in tariff income thus far this year and that’s with the major tariff not having started until the second quarter,” he said. “So we expect that could be well over $300 billion by the end of the year.”

The revenue marks a significant boost to the administration’s economic policy goals, combining trade rebalancing with domestic fiscal gains. The Trump administration has repeatedly emphasized tariffs as a tool to both protect American industries and generate federal revenue without raising taxes.

In a timely economic analysis released this week, the Council of Economic Advisors (CEA) reported that tariffs have not contributed to inflation, countering earlier warnings from critics. “[A]fter decomposing the Personal Consumption Expenditure Price Index into imported and domestic components, [we] found that the prices of imported goods have not only fallen this year, but also declined faster than overall goods prices since February,” the report stated.

A similar trend was observed in the Consumer Price Index (CPI), with the CEA noting that “imported goods have deflated 0.8 percent while overall goods prices have remained constant.” While the report did not model a scenario without tariffs, it concluded that tariffs had “not reduced the disinflationary impulse from imported goods as of May.”

The economic data arrives as the Trump administration continues to secure bilateral trade deals under the framework of its “Liberation Day” tariff regime, aimed at disentangling U.S. supply chains from hostile or unreliable partners. The White House recently announced finalized trade agreements with the United Kingdom and Vietnam, expanding opportunities for American exports and strategic supply lines.

The combination of rising tariff revenue and easing inflation is expected to bolster the administration’s position in upcoming trade talks and further reinforce its argument that tariffs can be both economically effective and politically viable.

Latest Worthy News