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Trump's Tariff Revenue Hits Record $31.4 Billion in October

12/1/2025

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Summary

Story summary

U.S. President Donald Trump’s trade policies produced a record $31.4 billion in tariff revenues in October 2025, per the Treasury Department.
The October 2025 figure is up from $7.3 billion in October 2024.
The Penn Wharton Budget Model estimates total customs and excise duties for the year at over $320 billion, up from $171 billion in 2024.
U.S. Supreme Court challenges could affect the administration's tariff policies.

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Story summary

U.S. President Donald Trump’s trade policies produced a record $31.4 billion in tariff revenues in October 2025, per the Treasury Department.
The October 2025 figure is up from $7.3 billion in October 2024.
The Penn Wharton Budget Model estimates total customs and excise duties for the year at over $320 billion, up from $171 billion in 2024.
U.S. Supreme Court challenges could affect the administration's tariff policies.