US Expects $50 Billion Monthly Tariff Revenue Amid Broad Import Levies

The United States, under President Donald Trump's administration, anticipates monthly tariff revenues of at least $50 billion as higher import levies from dozens of countries take effect, up from $30 billion previously reported. Commerce Secretary Howard Lutnick highlighted that additional tariffs on semiconductor chips and pharmaceutical imports, including a proposed 100 percent tariff on chips unless companies manufacture domestically, will further increase revenue. These tariffs have raised the average U.S. import duty to its highest level in a century, ranging from 10 to 50 percent, with exemptions available for companies investing in U.S. manufacturing, such as Apple. Lutnick expects these measures to drive up to $1 trillion in domestic investment, aiming to strengthen American manufacturing capabilities. The tariff strategy has also contributed to a reduction in the U.S. trade deficit with China. Overall, customs duties now represent nearly 5 percent of federal revenue, reflecting a significant shift in trade policy aimed at reducing deficits and encouraging fairer trade practices.