US tariff revenue up 300% under Trump as Supreme Court battle looms

Tariff revenue surges 300% under Trump administration, but Supreme Court battle could reshape trade policy. Federal coffers see $124 billion windfall.

A protester holds a sign as the U.S. Supreme Court hears arguments on President Trump's tariffs on Wednesday, Nov. 5, 2025.  (Bill Clark/CQ-Roll Call/Getty Images)

The suits followed Trump's so-called "Liberation Day" tariffs in April, a sweeping package of import duties he said would address trade imbalances and curb reliance on foreign goods.

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President Donald Trump holds a chart showing tariffs imposed on other countries during an event in the Rose Garden on April 2, 2025. (Brendan Smialowski/AFP/Getty Images)

Revenue spiked in the months that followed, rising from $9.6 billion in March to $23.9 billion in May. For fiscal 2025, which ended Sept. 30, total duty collections reached $215.2 billion, Treasury figures show.

The upward trend has extended into fiscal 2026, with receipts already outpacing last year.

Amanda covers the intersection of business and politics for Fox News Digital.

https://www.foxnews.com/politics/us-tariff-revenue-up-300-under-trump-supreme-court-battle-looms