U.S. tariff revenues turned negative in June due to $166 billion in refunds after the Supreme Court struck down certain tariffs. While tariffs had generated about $195 billion in FY2025, they made up only a small share of government revenue (around 3.7%).
Despite this, tariffs increased costs for consumers (about $1,000 per household) while potentially reducing GDP by 0.6% and costing around 450,000 jobs, while failing to significantly boost U.S. manufacturing.
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Fox News: Trump generously donates his money to the Amerian people 🇺🇸 🫡
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From: https://archive.is/4w70Z
U.S. tariff revenues turned negative in June due to $166 billion in refunds after the Supreme Court struck down certain tariffs. While tariffs had generated about $195 billion in FY2025, they made up only a small share of government revenue (around 3.7%).
Despite this, tariffs increased costs for consumers (about $1,000 per household) while potentially reducing GDP by 0.6% and costing around 450,000 jobs, while failing to significantly boost U.S. manufacturing.
Fox News: Trump generously donates his money to the Amerian people 🇺🇸 🫡