 
     |
| “ US Customs Duties Top $100B for First Time in a Fiscal Year” (Page 1/5) |
|
blackrams
|
JUL 12, 01:29 PM
|
|
“ US Customs Duties Top $100B for First Time in a Fiscal Year”
U.S. customs duty collections jumped again in June as President Donald Trump's tariffs gained steam, topping $100 billion for the first time during a fiscal year and helping to produce a surprise $27 billion budget surplus for the month, the Treasury Department reported on Friday.
The budget data showed that tariffs are starting to build into a significant revenue contributor for the federal government, with customs duties in June hitting new records, nearly quadrupling to $27.2 billion on a gross basis and $26.6 billion on a net basis after refunds.
For the first nine months of fiscal 2025, the customs take reached records of $113.3 billion on a gross basis and $108 billion on a net basis, nearly double the prior-year collections.
Based on those results, tariffs have now grown into the fourth-largest revenue source for the federal government, behind individual withheld receipts at $2.683 trillion for the fiscal year, Non withheld individual receipts at $965 billion and corporate taxes at $392 billion.
In the space of roughly four months, tariffs as a share of federal revenue have more than doubled to around 5% from about 2% historically.
The 2025 fiscal year began Oct. 1 and ends Sept. 30.
https://www.newsmax.com/fin...25/07/11/id/1218491/
It's unfortunate that "other" nations continue to take advantage of US Consumers. Yeah, I know who's really paying for the tariffs, the price of most things is going up but, if we buy less "foreign" made goods, we're only helping ourselves. ------------------
Rams
Learning most of life's lessons the hard way. . 
You are only young once but, you can be immature indefinitely.
|
|
|
Doug85GT
|
JUL 12, 03:14 PM
|
|
|
But, but, but Trump always chickens out! How is this possible?
|
|
|
Patrick
|
JUL 12, 04:34 PM
|
|
| quote | Originally posted by blackrams:
...tariffs have now grown into the fourth-largest revenue source for the federal government
|
|
And Donald thanks the American public for their generosity!
|
|
|
|
blackrams
|
JUL 12, 07:45 PM
|
|
| quote | Originally posted by Patrick:
And Donald thanks the American public for their generosity!
|
|
| quote | Originally posted by blackrams:
It's unfortunate that "other" nations continue to take advantage of US Consumers. Yeah, I know who's really paying for the tariffs, the price of most things is going up but, if we buy less "foreign" made goods, we're only helping ourselves.
|
|
As I said................. IOWs, buy US produced products. 
It's the same with foreign countries, they are having to pay more for our imposed tariffs tariffs imposed on our products.
Obviously, except those nations that have agreed to fairer deals.
| quote | Originally posted by Doug85GT:
But, but, but Trump always chickens out! How is this possible? |
|
Edited: Heard a report today that DJT is imposing an even larger tariff on some country that won't cooperate and continues to try and hold us hostage for more/higher tariffs.
Rams[This message has been edited by blackrams (edited 07-12-2025).]
|
|
|
Patrick
|
JUL 12, 07:51 PM
|
|
| quote | Originally posted by blackrams:
It's the same with foreign countries, they are having to pay more for our imposed tariffs.
|
|
LOL... this just goes to prove that you still don't understand how Trump's imposed tariffs work!
|
|
|
|
blackrams
|
JUL 12, 07:57 PM
|
|
| quote | Originally posted by Patrick:
LOL... this just goes to prove that you still don't understand how Trump's imposed tariffs work! |
|
Read again, stated that other countries tariffs on US products cost those countries consumers more. Sorry if that wasn't clear enough for you to understand.
I did go back and edit just for you.
Rams[This message has been edited by blackrams (edited 07-12-2025).]
|
|
|
|
Patrick
|
JUL 12, 08:32 PM
|
|
| quote | Originally posted by blackrams:
Read again, stated that other countries tariffs on US products cost those countries consumers more.
|
|
Yes, that's what it states now... after you edited your post! LOL
Let's be clear on this... Trump's imposed tariffs are costing the American people, and only the American people more money.
If other countries choose to impose counter-tariffs on US products, that's their decision.
It's amazing how MAGAcentrics are completely on board with these high "tariffs" on international goods crossing the border... but if the US government had increased their revenue by this huge amount by levying exorbitant "taxes" instead, there'd be rioting in the streets at this point! I guess it's all on the terminology used. Works like a charm on the gullible.
|
|
|
|
blackrams
|
JUL 13, 07:35 AM
|
|
| quote | Originally posted by Patrick:
Works like a charm on the gullible. |
|
Well, at least you didn't mention any specific Pennock's member's names in your judgement of DJT policy supporters...........
Hopefully, you won't need any US made products, then the policies would affect you. We surely don't want that to happen.
Rams[This message has been edited by blackrams (edited 07-13-2025).]
|
|
|
|
Patrick
|
JUL 13, 03:22 PM
|
|
| quote | Originally posted by blackrams:
Hopefully, you won't need any US made products, then the policies would affect you.
|
|
Whether I "need any US made products" or not, Trump's policies do indeed affect me... as well as most other Canadians. However, unlike diehard MAGA supporters in the US, I allow myself to be fully aware of the negative consequences of his actions.
In the grand scheme of things, Trump won't be around for long... but for now DJT is a pox on the world scene.
|
|
|
|
blackrams
|
JUL 13, 03:48 PM
|
|
| quote | Originally posted by Patrick:
Whether I "need any US made products" or not, Trump's policies do indeed affect me... as well as most other Canadians. |
|
Well, maybe you and others should let your "leadership" know.........................
Rams
|
|
|
|