The U.S. Customs Revenue Surged 130% Year-on-Year to $16 Billion in April

BlockBeats News, May 13th, according to U.S. Department of the Treasury data, the tariff revenue in April reached $16 billion, a substantial increase of $9 billion compared to the same period last year, representing a growth rate of 130%. According to data compiled by Bloomberg, this sets a record for the highest monthly tariff revenue in at least a decade. The significant increase in tariff revenue has helped restrain further expansion of the U.S. budget deficit.

However, U.S. President Trump is currently seeking trade agreements with specific countries, which may lead to a reduction in future tariff revenue. In the first seven months of this fiscal year, the U.S. federal government recorded a deficit of $1.05 trillion, which expanded by 13% compared to the same period last year after adjusting for calendar year differences. Treasury officials stated that if the deferral tax payment factors that boosted revenue in the 2024 fiscal year are excluded, the actual increase in the 2025 fiscal year deficit would be 4%.

In addition to tariffs, another revenue category that has seen growth this fiscal year is excise taxes, which have increased by $10 billion over the past seven months. Treasury officials indicated that this is mainly due to the newly imposed stock buyback tax. (Golden Finance)