U.S. customs duty collections topped $100 billion for the first time in history as President Trump’s tariffs generated massive revenue for the country. New budget data shows that tariff revenues as a share of federal revenue have more than doubled, and tariffs have created a surplus as opposed to a $71 billion deficit in June 2024 under Biden. The Gateway Pundit recently reported that Treasury Secretary Scott Bessent announced during a cabinet meeting on Tuesday that the U.S. is on track to bring in over $100 billion in tariff revenue so far this year and potentially “well over” $300 billion by the end of the year. WATCH: Scott Bessent Says America Already on Track to Take in OVER $100 BILLION in Tariff Revenue This Year…
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