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MORNING GLORY: President Trump and the United States’ massive tariff haul in his first six months back

12 16
yesterday

FOX Business host Charles Payne analyzes how President Donald Trump’s trade deal with the European Union will directly impact Americans on ‘The Will Cain Show.’

In June, the United States collected $27 billion dollars in tariff revenue on goods imported into the country. That number is expected to increase this month —we will know for sure in a few days. Hold on to those numbers for a bit while considering the context in which they appear. 

President Donald Trump ran and won in November, 2024 on a straightforward platform: Close the southern border. Prioritize the deportation of illegal migrants that are criminals or national security threats. Expand and extend the tax cuts that he initially pushed through in 2017 with the help of GOP majorities in the House and the Senate. Rollback the regulatory burden on American businesses. Rebuild the nation’s defenses through much higher defense spending. Protect girls’ and women’s sports. End the era of "woke" by crushing "DEI" and "CRT." 

President Trump also repeatedly stated from the time he came down the escalator in 2015 that Iran would not be permitted to obtain nuclear weapons. His support for Israel has been greater than any previous president. 

LIZ PEEK: TRUMP'S MAJOR TRADE WINS COULD BE ROCKET FUEL TO US ECONOMY

Trump delivered on all of these promises already. In six months. It’s a stunning and unprecedented record of achievements and of promises made and kept by a presidential candidate early in his term.

President Trump also ran on upending the international trading system through the imposition of tariffs on almost every country doing business with the U.S. Skeptics of this set of claims were everywhere. 

The numbers:

June’s tariff receipts in the U.S. set a monthly record of $27 billion. 

July’s number is expected to increase. 

"[W]e could expect that that could be well over $300 billion by the end of the year," Treasury Secretary Scott Bessent declared earlier in July. (By contrast, total tariff revenue for the U.S. was $77 billion in calendar year 2024.) Bessent added that he estimates tariff revenue to the Treasury to top "2.8 trillion over 10 years," "which we think is probably low."

In January, the federal........

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