“ 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.
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.
And Donald thanks the American public for their generosity!
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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.
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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).]
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).]
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.
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).]
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.
In the grand scheme of things, Trump won't be around for long... but for now DJT is a pox on the world scene.
Have a listen to what a Brit has to say about the situation... if you dare!
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Taken from the YouTube video description:
Canada thought it was making good progress in negotiations with the Trump team - then he announced even higher tariffs against it. Vietnam thought it had agreed a deal with a much lower tariff figure, but then Trump simply announced a higher one. The first countries through the gate are finding - and the rest of the world is noting - that nothing Trump or his team say can be trusted, that any deal can simply be changed at a whim, and this is not a serious process.
[This message has been edited by Patrick (edited 07-14-2025).]
Have a listen to what a Brit has to say about the situation... if you dare!
I dared and I am dumber for watching that video. That guy does not know how negotiations work at all. He has no clue what is going on. He just makes up stuff or cites other people's opinions as fact then goes on a TDS tirade.
Full on TDS. All of his top videos are about how angry he is at President Trump
Originally posted by Patrick: Let's be clear on this... Trump's imposed tariffs are costing the American people, and only the American people more money.
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.
Hmmm.......should I buy the foreign made product at a higher price and support the foreign economy, or should I buy the higher priced domestically made product and support my economy?
Dang! That's a tough one right there, Billy Bob!
[This message has been edited by olejoedad (edited 07-14-2025).]
Hmmm.......should I buy the foreign made product at a higher price and support the foreign economy, or should I buy the higher priced domestically made product and support my economy?
Dang! That's a tough one right there, Billy Bob!
Good logic for those products where an alternative is made in the USA. Unfortunately, the USA, like Australia, Canada, the U.k., and many European Union countries, do not produce many of the things that the tariffs will be applied to. (Coffee, bananas, many clothes, white goods, raw materials used to make products in the U.S., etc.). The U.S. consumer will see prices rise on these items unless the importer - who pays the tariff - decides to absorb the additional cost. End result: prices will rise.
Good logic for those products where an alternative is made in the USA. Unfortunately, the USA, like Australia, Canada, the U.k., and many European Union countries, do not produce many of the things that the tariffs will be applied to. (Coffee, bananas, many clothes, white goods, raw materials used to make products in the U.S., etc.). The U.S. consumer will see prices rise on these items unless the importer - who pays the tariff - decides to absorb the additional cost. End result: prices will rise.
Isn't that the point? To drive companies back to the states? Or to develop new business here in the states?
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.
What you think / want to happen, is not what is actually happening.
I've explained this to you before, but I don't know if you didn't read it, or just forgot, so I'll go over it again. With the exception of a few products that you can ONLY get from one place that might be a specific product that a person is specifically looking for... like for example, a specific make and model of a car... everything else is competitive. So when Trump incurrs tariffs on a country for their products, generally what happens is INITIALLY, people pay a little bit more for the product (or the company eats the cost initially), and then the company seeks alternative products from somewhere else that's cheaper. An example of this, in particular is produce. If say... we impose higher tariffs on Vietnam (because we know China is going to try to subvert tariffs by shipping through their ports), then we can instead buy mangos, avocados, etc... much cheaper from Central America and the Caribbean, or even in Florida. At this point, either the country concedes, or they continue to lose long-term business.
It's an older article from a couple of months ago... but many companies are actually doing it. Grocery stores, etc., are all shifting to produce from companies with a lower price point (which either don't have tariffs or have made trade negotiations).
Another big reason why they're doing this is because companies cannot afford 4 years of back and forth. Now that the U.S. Supreme Court affirmed Trump's authority to impose tariffs, the companies (and countries) know that they can't just wait it out. They'd effectively be waiting for 4 years... which would be devastating to most countries and put many companies out of business. So, they're having to reshore and / or build factories in the U.S., or encourage their countries to make agreements. This is what's been happening, and it's actually working really, really well... better than I'd actually thought it would. The last president that used this approach was Bill Clinton... and he was mostly successful with it too.
That guy does not know how negotiations work at all. He has no clue what is going on. He just makes up stuff or cites other people's opinions as fact then goes on a TDS tirade.
Makes up stuff? Like how Trump's "team" negotiates an 11% tariff with Vietnam, only for Trump himself to then announce a 20% tariff on Vietnam?
Singlehandedly, Trump is destroying the US's long-term credibility on the world scene.
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Originally posted by Doug85GT:
Full on TDS. All of his top videos are about how angry he is at President Trump.
There's plenty of grist for the mill thanks to Trump himself, but you just don't get it. It's not simply "that guy" who is pissed off at Trump... it's the rest of the world.
Enjoy the heady experience of being the town bully with these tariff "negotiations"... for awhile. Eventually, it'll be coming back to bite you.
Hmmm.......should I buy the foreign made product at a higher price (due to Trump's imposed tariffs) and support the foreign economy, or should I buy the higher priced domestically made product and support my economy?
Well, at least a Trump supporter here is finally acknowledging the higher prices that Trump's tariff implementation will be forcing upon the American consumer. Other forum regulars still appear to be in acute denial.
Makes up stuff? Like how Trump's "team" negotiates an 11% tariff with Vietnam, only for Trump himself to then announce a 20% tariff on Vietnam?
Singlehandedly, Trump is destroying the US's long-term credibility on the world scene.
If both sides agreed to all the terms then there would have been a signed deal, right? That did not happen. Neither side is bound to anything negotiated until that deal is signed. Since both sides are not releasing their negotiations documentation we don't really know what was negotiated or what was not. If anything, Vietnam should be thanking President Trump for making it clear exactly what he wants out of the negotiations.
For someone that says only the American people are paying these tariffs, why do you care how much of a tariff President Trump is going to make the American people pay?
I'm only interested in what's occurring in the real world... not in Todd-world.
Todd world isn't affected by tariffs, or any of the stuff going on in the news.
I get you don't like Trump, and I also understand that Trump being successful would frustrate you. Sorry Patrick... the next 3.5 years will probably not be a lot of fun then.
If both sides agreed to all the terms then there would have been a signed deal, right? Neither side is bound to anything negotiated until that deal is signed.
I'm glad you brought that up. Research the USMCA agreement which Trump himself signed... and has now broken. A signed agreement means diddly squat to Donald Trump.
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Originally posted by Doug85GT:
For someone that says only the American people are paying these tariffs, why do you care how much of a tariff President Trump is going to make the American people pay?
True, it's only Americans who will be/are paying more for imported goods to the States due to Trump's imposed tariffs. And no, I don't care how much the American people wish to pay through the nose for anything. However, trade wars end up costing the average working stiff in all affected countries more money (due to counter-tariffs, etc)... which is exactly why most countries on the planet vie for free trade deals with each other.
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.
Todd world isn't affected by tariffs, or any of the stuff going on in the news.
Damn, you must be special!
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Originally posted by 82-T/A [At Work]:
I get you don't like Trump...
Yes, you got that part right. When most of the world (and a large part of the US) wishes to shun the guy, ya gotta wonder why. (Well, most rational people would wonder why.)
Isn't that the point? To drive companies back to the states? Or to develop new business here in the states?
Jake, do you have any idea about how long it will take to develop the businesses and industries that have left? I’ll wager it’s considerably longer than the 3-1/2 years that is left to the administration. Also, I wouldn’t be too confident that the current Senate and Congress will look the same in 18 months but it will be interesting to watch.
Jake, do you have any idea about how long it will take to develop the businesses and industries that have left? I’ll wager it’s considerably longer than the 3-1/2 years that is left to the administration. Also, I wouldn’t be too confident that the current Senate and Congress will look the same in 18 months but it will be interesting to watch.
So we should just give up and sell our country out? Have to start somewhere.
**EDIT Just to add, I expect I will not be around to benefit from Most of the rewards of moving manufacturing back to the states. Its not just about me, its about the future generations that will be owned by foreign governments. I don't neg Patrick for supporting his country, its no different than what I would do. Just less personal. "Who the **** doesn't like ice cream"
[This message has been edited by Jake_Dragon (edited 07-16-2025).]
Yes, you got that part right. When most of the world (and a large part of the US) wishes to shun the guy, ya gotta wonder why. (Well, most rational people would wonder why.)
The part of the world that doesn't like it, feels that way because Trump is expecting more from them on their obligations. Which they're now committing to. This is a good thing. The media that most of the rest of the world gets is slanted... but honestly, the rest of the world has never liked a U.S. president. Even President Obama (who was the most favorited among Europe, for example), generally disliked him.
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Originally posted by Mike in Sydney:
Jake, do you have any idea about how long it will take to develop the businesses and industries that have left? I’ll wager it’s considerably longer than the 3-1/2 years that is left to the administration. Also, I wouldn’t be too confident that the current Senate and Congress will look the same in 18 months but it will be interesting to watch.
Business growth is up 2.2% (not down), inventories are down (demand is up), new orders for manufactured goods are up, new business applications are up, trade deficits are WAAAAAY down since January.
Not sure what you're referring to. You seem to be wishing for the U.S. to fail, so you can say... "See, Trump bad!" But, that doesn't appear to be happening.
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Originally posted by Jake_Dragon:
So we should just give up and sell our country out? Have to start somewhere.
Nah Jake... don't fall for his negativity... this is working.
True, it's only Americans who will be/are paying more for imported goods to the States due to Trump's imposed tariffs. And no, I don't care how much the American people wish to pay through the nose for anything. However, trade wars end up costing the average working stiff in all affected countries more money (due to counter-tariffs, etc)... which is exactly why most countries on the planet vie for free trade deals with each other.
Nope, USMCA is not violated by President Trump's tariffs. The tariffs apply to things not covered by the USMCA.
Your reasoning makes no sense on tariffs. If the population of a country imposing the tariffs is the only ones paying the tariff then what is the point of a teriff war? How does it benefit the country imposing the teriff? Wouldn't the country that had no tariffs have an advantage over one that had tariffs?
[This message has been edited by Doug85GT (edited 07-16-2025).]
I'd like to make a comment on Patrick's mentioning of 11% vs 20% on Vietnam. This was because we discovered that China had started re-routing the shipment of many of their (China's) tariffed goods through Vietnam's ports in order to get around the tariff. It wasn't hap-hazard or done off the cuff. It's called "Trans-Shipping," which you can read about here in this Time article referencing the recent tariff hike on Vietnam, specifically: https://time.com/7300087/tr...hina-transshipments/
The article is mostly anti-Trump, which will hopefully make it more amenable to you... but that stuff is tangential and is largely unrelated.
Well, at least a Trump supporter here is finally acknowledging the higher prices that Trump's tariff implementation will be forcing upon the American consumer. Other forum regulars still appear to be in acute denial.
Hmmm.....
Please tell me when prices ever go down or even remain constant, unless it's something on sale.
Originally posted by Patrick: I'm glad you brought that up. Research the USMCA agreement which Trump himself signed... and has now broken. A signed agreement means diddly squat to Donald Trump.
What's good today may not be good tomorrow.
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Originally posted by Patrick: True, it's only Americans who will be/are paying more for imported goods to the States due to Trump's imposed tariffs. And no, I don't care how much the American people wish to pay through the nose for anything. However, trade wars end up costing the average working stiff in all affected countries more money (due to counter-tariffs, etc)... which is exactly why most countries on the planet vie for free trade deals with each other.
Free trade deals with most countries have not been fair.
