With President Donald Trump’s tariffs generating significant revenue, the impact on federal coffers could make it hard for future administrations — including Democrats — to pull the plug on them, The New York Times reported Sunday.
One economist called the new revenue stream “addictive.”
Through July, the U.S. collected $152 billion in custom duties and certain excise taxes, nearly doubling the $78 billion collected through the same time period in 2024. If left in place, tariff revenue could generate more than $2 trillion over the next decade, according to the report.
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