Tariff revenue soars more than 300% as U.S. awaits Supreme Court decision
Government
The U.S. government in January ran up a smaller deficit than a year ago, while tariff collections surged and provided a reminder of how pivotal a long-awaited Supreme Court decision could be to federal fiscal health. Customs duties collected through tariffs totaled $30 billion for the month, putting the fiscal year-to-date tally at $124 billion, or 304% more than the same period in 2025. President Donald Trump first levied the duties in April 2025 with an across-the-board rate on all goods and
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