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Trump’s Controversial Tariffs Generate Nearly $350 Billion, Becoming ‘Very Significant’ US Revenue Source, Says Economist - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), SPDR S&P 500 (ARCA:SPY)
Benzinga· 2025-09-23 08:39
The controversial tariffs imposed by President Donald Trump have turned into a major revenue stream for the U.S. government, amassing approximately $350 billion at an annualized pace.Tariffs Now A Major Federal Revenue Source, Says EconomistThe tariffs, which are essentially taxes on imported goods, have become a “significant” source of federal revenue, according to Torsten Slok, chief economist at Apollo Global Management, reported Fortune. This sum represents approximately 18% of annual household income t ...