Tariff revenue has surged this year, giving the US government a win in the revenue column. In month of January, customs brought in about $30 billion, summing up the tariff collections for the fiscal year to $124 billion. That is more than 3 times what the government collected during the same period last year.
These tariffs, introduced last spring, have helped slow the growth of the federal budget deficit. January’s deficit was $95 billion, which is about 26% lower than a year earlier. Overall, the deficit for the fiscal year so far is down by about 17%.
However, the Supreme Court is reviewing the legal authority used to impose the tariffs, and a ruling is expected soon. If the court rules against the administration, the government could be forced to refund much of the revenue already collected, quickly wiping out recent gains.
Even with increased revenue from tariffs, long term challenges persist. Interest payments on the national debt keep climbing and are now one of the federal government’s largest costs.
https://www.cnbc.com/2026/02/11/tariff-revenue-soars-more-than-300percent-as-us-awaits-supreme-court-decision.html
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