Tariff revenues for the month of August reached a record $31 billion, marking the highest monthly total to date under President Donald Trump’s trade strategy, according to Treasury Secretary Scott Bessent.
Can’t stop, won’t stop: August tariff revenue breaks record AGAIN, bringing in $31 BILLION! pic.twitter.com/JyQw0Omk9W
— The White House (@WhiteHouse) September 4, 2025
“Now that August is in the books, tariff revenues topped over $31 billion in the month: a new record high,” Bessent announced Saturday in a social media post.
“As collection continues to grow, the Trump Administration is fixing the financial shambles it inherited.”
His post included a graph showing steady increases since Trump launched the administration’s tariff strategy in April.
Now that August is in the books, tariff revenues topped over $31 billion in the month: a new record high. As collection continues to grow, the Trump Administration is fixing the financial shambles it inherited. pic.twitter.com/aYm3pVBffQ
— Treasury Secretary Scott Bessent (@SecScottBessent) September 2, 2025
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The Trump administration has struck a series of trade agreements with major economic partners in recent months, including Japan, South Korea, and the European Union.
Those deals grant U.S. exporters barrier-free access to foreign markets while requiring trading partners to pay tariffs as high as 25 percent.
Negotiations with China are also underway for a final framework agreement.
Bessent projected that tariff revenues could surpass $500 billion in 2025.
“We had a substantial jump from July to August, and I think we’re going to see a bigger jump from August to September,” he said.
“So I think we could be on our way well over half a trillion, maybe towards a trillion-dollar number. This administration, your administration, has made a meaningful dent in the budget deficit.”
The treasury secretary expanded on his remarks during an interview with Fox News earlier this week.
He suggested that tariff revenues alone could drive economic expansion above five percent.
“Every $300B adds 1% to GDP,” Bessent explained.
“With tariffs alone, growth could hit 5%.”
He added that the trajectory of growth could be compared to a race in which the U.S. had been set back in the past but was now gaining an advantage.
“Just with the tariff income, we’re going to be in the fives, which is incredible,” he said.
“It’s like running a marathon and starting five miles before everybody else.”
Tariffs are delivering historic results for the American people. Even the mainstream media is starting to admit it.
I’ve said total tariff revenue could reach $300B this year, but it could be much higher. Every $300B adds 1% to GDP. With tariffs alone, growth could hit 5%. pic.twitter.com/lR9E1K9e2d
— Treasury Secretary Scott Bessent (@SecScottBessent) September 2, 2025
Since Trump initiated the new tariff strategy, revenue collections have steadily increased, helping offset budget shortfalls and strengthen U.S. negotiating leverage abroad.
Administration officials have credited the policy with reshaping trade relationships in favor of American industries, while also boosting the federal balance sheet.
Bessent also noted that the media narrative around tariffs has begun to shift.
“You’re starting to see in the mainstream media, whether it’s Wall Street Journal or The New York Times… people are getting addicted to tariff income,” he said.
The surge in tariff revenues underscores the administration’s broader economic approach, which pairs aggressive trade policy with goals of reducing deficits and driving economic growth.
With revenues hitting all-time highs and further agreements in progress, the administration is positioning tariffs as a central driver of both fiscal stability and long-term growth projections.
The record August revenues reflect not only the administration’s ongoing push for tougher trade terms but also the increasing willingness of international partners to accept tariffs as part of negotiated market access agreements.
Officials believe the policy will continue to generate substantial income while reinforcing the administration’s larger strategy of securing favorable trade conditions for U.S. businesses.
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