A year-over-year comparison of tariff collections. (U.S. Treasury)
The surge in revenue coincides with a federal appeals court ruling that President Donald Trump overstepped his authority by using emergency powers to impose sweeping global tariffs.
TRUMP CALLS TARIFF WINDFALL 'SO BEAUTIFUL TO SEE' AS CASH SAILS IN
In its Friday decision, the court said the power to set such tariffs rests squarely with Congress or within existing trade policy frameworks. The ruling does not affect tariffs imposed by other legal authorities, such as Trump’s levies on steel and aluminum imports.
Treasury Secretary Scott Bessent previously said that the Trump administration could apply part of the tariff revenue toward lowering the national debt. (Eric Lee/Bloomberg/Getty Images)
The nation's debt is nearing $37.2 trillion as of Aug. 18, according to the Treasury Department.
The staggering figure has intensified the long-standing debate in Washington over government spending, taxation and efforts to rein in the ballooning deficit.
Amanda covers the intersection of business and geopolitics for Fox News Digital.
https://www.foxnews.com/politics/us-tariff-take-surges-31b-august-setting-new-monthly-high-2025