• World News
  • Politics
  • Economy
  • Stock
  • Editor’s Pick
Global Trading Markets
Politics

NYT Admits Trump’s Tariffs Are Generating ‘Significant’ Federal Income — Already Generated $150 Billion in Revenue

by August 4, 2025
August 4, 2025

Credit: X @WhiteHouse

The New York Times has admitted that President Trump’s policy of tariffs is already generating a lot of income for the federal government.

In an article published on Sunday, the Times acknowledged that the federal government may soon become dependent on this revenue because of the ballooning fiscal deficit.

The Times explains:

President Trump’s extensive tariffs have already started to generate a significant amount of money for the federal government, a new source of revenue for a heavily indebted nation that American policymakers may start to rely on.

As part of his quest to reorder the global trading system, Mr. Trump has imposed steep tariffs on America’s trading partners, with the bulk of those set to go into effect on Aug. 7.

Even before the latest tariffs kick in, revenue from taxes collected on imported goods has grown dramatically so far this year.

Customs duties, along with some excise taxes, generated $152 billion through July, roughly double the $78 billion netted over the same time period last fiscal year, according to Treasury data.

BREAKING Donald Trump brought in ANOTHER Record breaking month, July $29.6 billion in tariffs

ABOLISH THE IRS. WE DON’T NEED IT ANYMORE

THIS IS HUGE pic.twitter.com/8ISqp27Cce

— MAGA Voice (@MAGAVoice) August 3, 2025

Meanwhile, the far-left Guardian newspaper has also conceded that the U.S. economy remains “surprisingly resilient.”

The paper wrote in a recent editorial:

The president’s decision to hit US trading partners – including Canada, Brazil, India and Taiwan – with new tariffs after his self-imposed 1 August deadline certainly reignites a threat to the world economy.

Dozens of countries have been left reeling, and US consumers are expected to pay a heavy price.

However, there is a sense that things could have been worse. Nowhere more clearly is this reflected than on Wall Street: despite the chaos of the president’s trade war, the stock market remains close to record levels.

After the latest escalation on Friday, and some worrying US jobs numbers, share prices took a hit, sliding by about 1%. But this is a setback rather than a rout.

As recently outlined in The Gateway Pundit, Trump’s tariff policy has also led to a flurry of trade deals with countries that were previously taking advantage of America’s low import tariffs while simultaneously charging U.S. companies to access their export markets.

Among the countries who have already signed trade deals on more preferable terms include the United Kingdom, Japan and the European Union.

ECONOMISTS LIED ABOUT TRUMP’S TARIFFS

The post NYT Admits Trump’s Tariffs Are Generating ‘Significant’ Federal Income — Already Generated $150 Billion in Revenue appeared first on The Gateway Pundit.

previous post
Eric Barber: J6 Patriot and Stock Car Driver Fighting for a Sponsor to Keep His Racing Dream Alive
next post
New York City’s Ranked Choice Voting System Favors Socialist Mamdani

You may also like

If You’re Ready to Tackle Credit Card Debt,...

August 29, 2025

Fifth Court of Appeals Overturns Block on Texas...

August 29, 2025

IT BEGINS: Trump Preparing Major Immigration Enforcement Operations...

August 29, 2025

RFK Jr. Hits the Medical Cartel Where It...

August 29, 2025

CDC Staff Gather Outside HQ on Thursday to...

August 29, 2025

Biden Judge Casts Doubt on Trump’s Order Firing...

August 29, 2025

Trump Tariffs Kill FDI in China, Mexico and...

August 29, 2025

Nurse Manager Put Herself in ‘Harm’s Way’ to...

August 29, 2025

UK LABOUR TREASON: Keir Starmer’s Home Office Wins...

August 29, 2025

Tom Homan: 28,000 of Biden’s 300,000 Missing Trafficked...

August 29, 2025

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • If You’re Ready to Tackle Credit Card Debt, Here’s How to Pay 0% Interest Until 2027

      August 29, 2025
    • Fifth Court of Appeals Overturns Block on Texas Ballot Harvesting Bill SB1

      August 29, 2025
    • IT BEGINS: Trump Preparing Major Immigration Enforcement Operations in Chicago, Possibly Considering National Guard Deployment

      August 29, 2025
    • RFK Jr. Hits the Medical Cartel Where It Hurts Most With Game-Changing HHS Move

      August 29, 2025
    • CDC Staff Gather Outside HQ on Thursday to Salute the Top Officials Who Resigned in Protest to Firing of CDC Chief – Hundreds Turn Out Compared to the Tens of Thousands Who Were Killed by the Vax They Promoted

      August 29, 2025
    Footer Logo
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 GlobalTradingMarkets.com All Rights Reserved.

    Global Trading Markets
    • World News
    • Politics
    • Economy
    • Stock
    • Editor’s Pick