U.S. Tariff Revenue Soars to $50 Billion Amid Global Trade Tensions

The U.S. Treasury reported a staggering $64 billion in customs revenues for Q2 2025, marking a $47 billion surge from the previous year. This windfall stems largely from aggressive tariff policies enacted by the TRUMP administration, including a 10% global tariff and targeted levies on steel (50%), aluminum (50%), and auto imports (25%).

China and Canada remain the only major trade partners to implement retaliatory measures, with Beijing matching U.S. duties earlier this year. Yet Chinese customs revenues saw merely a 1.9% annual increase in May, suggesting limited impact. Canada initially proposed $155 billion in counter-tariffs but retreated under American pressure.

Mexico—the largest U.S. trading partner—opted for diplomacy over confrontation despite facing 25% tariffs since March. President Claudia Sheinbaum emphasized negotiation, reflecting broader reluctance among trade partners to escalate tensions. The EU drafted €72 billion in potential countermeasures but continues delaying implementation, signaling strategic caution.