“Tariff revenues have risen significantly this year and appear poised to become an important component of government income in the future. However, the total revenue generated is unlikely to be sufficient to finance the One Big Beautiful Bill Act (OBBBA), and thus to prevent a further increase in the debt level over the coming decade. Tariff revenues have picked up significantly this year The increase in revenues began in March and has accelerated since April. Monthly revenues, which amounted to USD6bn–7bn until February, climbed to around USD30bn by August. According to the Peterson Institute’s Tariff Revenue Tracker, consumer goods (particularly from China) account for the largest share of this increase. There has also been a notable rise in revenues from intermediate industrial goods and capital goods, whereas energy and other goods have contributed little to the overall growth in tariff revenues.”
Morten W. Langer
