\u200eThe United States took in more revenue from tariffs in the first six months of 2025 than it did in all of 2024, according to data from the US Treasury compiled by AFP.
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\u200eThe more than $87 billion in tariff revenue taken in through the end of June, compared with $79 billion collected in all of 2024, according to the latest monthly data published on Wednesday.
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\u200eSince his return to the White House US President Donald Trump tore up the US post-WWII economic policy playbook of favouring free trade, slapping tariffs on trading partners and on certain products like steel.
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\u200eThe US has subsequently reached deals with a number of countries that will see considerably higher tariffs apply than were in place, but for the most part also considerably lower than the highest rates that Trump threatened to impose.
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\u200eThe previous peak in tariffs was recorded in 2022 at $98 billion.
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\u200eIn June, tariff revenue came in at $26.6 billion, almost four times the amount collected in January.
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\u200eTrump said Thursday that sweeping tariffs he has imposed on nations around the world were making the country \u201cgreat & rich again\u201d as governments raced to strike deals with Washington less than 24 hours before an August 1 deadline.
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\u200e\u201dONE YEAR AGO, AMERICA WAS A DEAD COUNTRY, NOW IT IS THE \u201cHOTTEST\u201d COUNTRY ANYWHERE IN THE WORLD,\u201d he wrote on his Truth Social platform.
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\u200eThe deals that the US reached with trading partners will also go into effect on August one, as will a 50 per cent levy on copper imports.
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\u200eFor around 80 countries, including the 27 members of the European Union, rates of between 11 and 50 per cent are set to come into force.
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\u200eAFP <\/p>\n
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