The U.S. Treasury Department has reported that the country’s customs duty collections have surpassed $100 billion for the first time in a fiscal year.
What Happened: The U.S. Treasury Department revealed that the customs duty collections for June 2025 reached a record $27 billion. This has resulted in a surprising budget surplus of $27 billion for the month, Reuters reported. The surge in collections is attributed to President Donald Trump‘s tariffs, which are now a significant revenue source for the federal government.
