Trump’s Tariff Policies Generate $135.7 Billion in 10 Months, Reshaping Global Trade Dynamics
WASHINGTON – US President Donald Trump’s aggressive tariff strategy has brought in $135.7 billion as of July, marking a dramatic surge in trade revenue, according to US Treasury Department data. Monthly tariff income jumped from $7.3 billion in January to $27.7 billion in July — a 287.9% increase over last year. The move reflects Trump’s use of tariffs as a primary trade weapon, targeting Canada, Mexico, China, and dozens of other countries.
Trump’s tariff escalation began in February with a 25% levy on Canada and Mexico and 10% on China, tied to border security concerns and fentanyl trafficking allegations. These rates fluctuated through exemptions, suspensions, and hikes, culminating in sweeping “reciprocal tariffs” on April 2 — dubbed “Liberation Day” — with rates ranging from 10% to 50%. While the policy initially caused a stock market drop and prompted a temporary pause, tensions peaked with US–China tariffs reaching 145% on Chinese goods and 125% on US exports before being reduced to 30% during a negotiated truce.
Throughout the tariff pause, the Trump administration secured trade agreements with the EU, UK, Japan, and South Korea, while imposing higher duties on steel, aluminum, autos, and copper. Notably, tariffs on Canada, Brazil, and India were sharply increased, citing national security and geopolitical disputes. With the China deadline now extended another 90 days, Trump is weighing new duties on pharmaceuticals and semiconductors, signaling that his tariff-driven trade policy is far from over.
